Ucloudlink Group Inc reports results for the quarter ended in December - Earnings Summary

Ucloudlink

14/03/2024 15:00

* Ucloudlink Group Inc  UCL.OQ  reported a quarterly
adjusted loss
of 5 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of two analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 3 cents to 7 cents per share.
    * Revenue rose 10.8% to $21.73 million from a year ago;
analysts
expected $23.60 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $1.83 million.
    * Ucloudlink Group Inc shares had fallen by 10.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the wireless
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Ucloudlink Group
Inc is $9.50 
This summary was machine generated from LSEG data March 14 at
02:59 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           -0.05          Missed
 Sep. 30 2023      0.03           0.09           Beat
 Jun. 30 2023      0.02           -0.02          Missed
 Mar. 31 2023      -0.04          0.06           Beat