$15.20 Million in Sales Expected for uCloudlink Group Inc. (NASDAQ:UCL) This Quarter

Analysts expect that uCloudlink Group Inc. (NASDAQ:UCLGet Rating) will announce $15.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for uCloudlink Group’s earnings, with estimates ranging from $14.50 million to $15.90 million. uCloudlink Group reported sales of $17.69 million in the same quarter last year, which indicates a negative year-over-year growth rate of 14.1%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that uCloudlink Group will report full-year sales of $84.90 million for the current financial year, with estimates ranging from $81.00 million to $88.80 million. For the next financial year, analysts expect that the company will post sales of $113.54 million, with estimates ranging from $108.00 million to $119.08 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow uCloudlink Group.

uCloudlink Group (NASDAQ:UCLGet Rating) last posted its quarterly earnings results on Thursday, March 24th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.02). uCloudlink Group had a negative net margin of 62.37% and a negative return on equity of 94.89%. The business had revenue of $17.57 million during the quarter, compared to analysts’ expectations of $17.53 million.

UCL opened at $1.50 on Thursday. uCloudlink Group has a one year low of $1.32 and a one year high of $13.95. The company has a market cap of $42.58 million, a price-to-earnings ratio of -0.93 and a beta of 3.52. The business’s fifty day moving average is $1.65 and its two-hundred day moving average is $2.43.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in shares of uCloudlink Group in the fourth quarter worth about $58,000. Geode Capital Management LLC acquired a new stake in uCloudlink Group during the fourth quarter valued at approximately $81,000. Citadel Advisors LLC raised its stake in uCloudlink Group by 81.2% during the third quarter. Citadel Advisors LLC now owns 20,890 shares of the company’s stock valued at $91,000 after buying an additional 9,363 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of uCloudlink Group during the 4th quarter worth approximately $99,000. Finally, Virtu Financial LLC acquired a new stake in shares of uCloudlink Group during the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 0.18% of the company’s stock.

uCloudlink Group Company Profile (Get Rating)

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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