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

Ucloudlink

26/11/2024 14:32

* Ucloudlink Group Inc  UCL.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of two analysts for the quarter was for earnings of
5 cents per share. Wall Street expected results to range from 2
cents to 7 cents per share.
    * Revenue rose 5.6% to $25.19 million from a year ago;
analysts
expected $26.05 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $3.39
million.
    * Ucloudlink Group Inc shares had held steady so far this
quarter and lost 21.7% so far this year.

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 $9.00 
This summary was machine generated from LSEG data November 26 at
02:31 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.05           0.09           Beat
 Jun. 30 2024      0.02           0.06           Beat
 Mar. 31 2024      -0.01          0.01           Beat
 Dec. 31 2023      0.05           -0.05          Missed