uCloudlink Group Inc. (NASDAQ: UCL) Expected to Post Earnings of $ -0.18 Per Share
Analysts expect uCloudlink Group Inc. (NASDAQ: UCL) to report earnings of ($ 0.18) per share for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for the uCloudlink Group. uCloudlink Group posted earnings of ($ 0.30) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The company is expected to release its next quarterly results on Thursday, March 24.
On average, analysts expect uCloudlink Group to report annual earnings of ($ 0.87) per share for the current year. For the next fiscal year, analysts expect the company to report earnings of ($ 0.34) per share. Zacks’ BPA calculations are an average based on a survey of seller-side analysts who provide coverage for the uCloudlink Group.
UCloudlink Group (NASDAQ: UCL) last released its quarterly results on Tuesday, November 30. The company reported ($ 0.02) earnings per share (EPS) for the quarter, reaching the consensus estimate of ($ 0.02). UCloudlink Group recorded a negative return on equity of 92.15% and a negative net margin of 58.58%. During the same period of the previous year, the company made EPS ($ 0.34).
The uCloudlink group’s share traded down $ 0.01 in the midday Friday session, reaching $ 2.47. The stock had a trade volume of 122,167 shares, compared to its average volume of 72,114. The company’s fifty-day simple moving average is $ 2.96 and its 200-day simple moving average is. $ 6.26. The stock has a market cap of $ 70.11 million, a P / E ratio of -1.63 and a beta of 1.57. The uCloudlink group has a one-year minimum of $ 1.93 and a one-year maximum of $ 14.20.
An institutional investor recently increased his position in the shares of the uCloudlink group. Citadel Advisors LLC increased its stake in uCloudlink Group Inc. (NASDAQ: UCL) shares by 81.2% during the 3rd quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company held 20,890 shares of the company after purchasing an additional 9,363 shares during the period. Citadel Advisors LLC owned approximately 0.07% of the uCloudlink group for a value of $ 91,000 at the end of the most recent quarter. 0.09% of the shares are held by hedge funds and other institutional investors.
UCloudlink Group Company Profile
uCloudlink Group Inc operates as a marketplace for sharing mobile data traffic in the telecommunications industry. It provides uCloudlink 1.0, a model that focuses on cross-border travelers who require 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 GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile network operators operators (MVNOs), mobile network operators (ORMs) and rental companies for portable Wi-Fi devices.
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