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Ucloudlink Group Inc reports results for the quarter ended June 30 - Earnings Summary

Ucloudlink Group Inc UCL.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 6 cents.  The lone analyst forecast for the quarter was for earnings of 2 cents per share.

Revenue fell 13.3% to $19.38 million from a year ago; analysts expected $23.00 million.

Ucloudlink Group Inc's reported EPS for the quarter was 2 cents​.

The company reported quarterly net income of $678 thousand.

Ucloudlink Group Inc shares had risen by 106.0% this quarter and gained 89.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 100% 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 $9.00, about 55.8% above its last closing price of $3.98

This summary was machine generated from LSEG data August 13 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.020.02Met
Mar. 31 2025-0.04-0.02Beat
Dec. 31 20240.00-0.04Missed
Sep. 30 20240.050.09Beat

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