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

Ucloudlink

18/05/2023 14:33

* Ucloudlink Group Inc  UCL.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was for a
loss of 4 cents per share.
    * Revenue rose 15.3% to $18.01 million from a year ago;
analysts
expected $17.95 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was 6
cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ucloudlink Group Inc shares had fallen by 4.3% this
quarter and
gained 14.1% so far this year.
    * The company reported quarterly net income of $2.07
million.
    * Wall Street's median 12-month price target for Ucloudlink
Group
Inc is $6.00 
    * 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 May
18 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.04          0.05           Beat
 Dec. 31 2022      -0.08          -0.03          Beat
 Sep. 30 2022      -0.07          -0.15          Missed
 Jun. 30 2022      -0.19          -0.22          Missed