Brokerages predict that uCloudlink Group Inc. (NASDAQ:UCL) will post earnings of ($0.18) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for uCloudlink Group’s earnings. uCloudlink Group posted earnings of ($0.30) per share in the same quarter last year, which suggests a positive year over year growth rate of 40%. The business is scheduled to report its next quarterly earnings results on Thursday, March 24th.
On average, analysts expect that uCloudlink Group will report full year earnings of ($0.87) per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of ($0.34) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for uCloudlink Group.
uCloudlink Group (NASDAQ:UCL) last posted its earnings results on Tuesday, November 30th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). uCloudlink Group had a negative net margin of 58.58% and a negative return on equity of 92.15%. During the same quarter in the previous year, the firm earned ($0.34) EPS.
Shares of NASDAQ UCL traded up $0.08 during midday trading on Friday, reaching $2.19. 52,885 shares of the company were exchanged, compared to its average volume of 250,229. The stock’s 50-day moving average price is $2.88 and its 200-day moving average price is $5.16. The stock has a market cap of $62.17 million, a P/E ratio of -1.44 and a beta of 2.58. uCloudlink Group has a one year low of $1.93 and a one year high of $14.20.
uCloudlink Group Company Profile
uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. It provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators (MVNOs), mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.
Featured Story: What is the LIBOR?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for uCloudlink Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for uCloudlink Group and related companies with MarketBeat.com's FREE daily email newsletter.