Wall Street brokerages expect uCloudlink Group Inc. (NASDAQ:UCL) to announce $17.53 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for uCloudlink Group’s earnings, with the highest sales estimate coming in at $17.56 million and the lowest estimate coming in at $17.50 million. uCloudlink Group posted sales of $17.03 million in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The firm is scheduled to report its next earnings report on Thursday, March 24th.
According to Zacks, analysts expect that uCloudlink Group will report full-year sales of $73.79 million for the current fiscal year, with estimates ranging from $73.76 million to $73.82 million. For the next financial year, analysts forecast that the firm will report sales of $99.45 million, with estimates ranging from $88.82 million to $110.08 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover uCloudlink Group.
uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings results on Tuesday, November 30th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 period last year, the company earned ($0.34) earnings per share.
Shares of UCL traded up $0.08 during mid-day trading on Friday, reaching $2.19. The stock had a trading volume of 52,885 shares, compared to its average volume of 250,229. The firm has a market cap of $62.17 million, a price-to-earnings ratio of -1.44 and a beta of 2.58. uCloudlink Group has a 12 month low of $1.93 and a 12 month high of $14.20. The business has a fifty day moving average of $2.88 and a 200 day moving average of $5.16.
About uCloudlink Group
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.
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