Ucloudlink Group Inc expected to post a loss of 1 cent a share - Earnings Preview

Ucloudlink

13/05/2024 14:23

* Ucloudlink Group Inc  UCL.OQ   UCL.O  is expected to show
a fall
in quarterly revenue when it reports  results on May 15 for the
period ending March 31 2024
    * The  Hong Kong-based   company is expected to report a
0.6% decrease in revenue to $17.9 million from $18.01 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on March 14 2024, for the
period ended March 31, was for revenue between $17.50 million
and $18.50 million.
    * ​LSEG's mean analyst estimate for Ucloudlink Group Inc is
for a
loss of 1 cent per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ucloudlink
Group
Inc is $9.50​, above​ its last closing price of $1.37. ​​​

This summary was machine generated May 13 at 13:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)