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

Ucloudlink

16/08/2023 14:32

* Ucloudlink Group Inc  UCL.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue rose 21.9% to $21.98 million from a year ago;
analysts
expected $21.65 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was a
loss
of 2 cents​.
    * The mean earnings estimate of analysts had risen by
about 180%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ucloudlink Group Inc shares had risen by 21.7% this
quarter and
lost 7.5% so far this year.
    * The company reported a quarterly loss of $917 thousand.
    * Wall Street's median 12-month price target for Ucloudlink
Group
Inc is $9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 16 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.02           0.05           Beat
 Mar. 31 2023      -0.04          0.05           Beat
 Dec. 31 2022      -0.08          -0.03          Beat
 Sep. 30 2022      -0.07          -0.15          Missed