uCloudlink Group (UCL) to Release Quarterly Earnings on Wednesday

uCloudlink Group (NASDAQ:UCL - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. uCloudlink Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). uCloudlink Group had a net margin of 3.28% and a return on equity of 18.58%. The firm had revenue of $21.73 million for the quarter, compared to the consensus estimate of $23.58 million. On average, analysts expect uCloudlink Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

uCloudlink Group Trading Up 1.5 %

Shares of UCL traded up $0.02 during trading hours on Thursday, reaching $1.37. 2,331 shares of the stock traded hands, compared to its average volume of 31,798. The stock has a fifty day simple moving average of $1.51 and a 200 day simple moving average of $1.73. uCloudlink Group has a 52 week low of $1.17 and a 52 week high of $4.23. The company has a market cap of $51.30 million, a price-to-earnings ratio of 17.13 and a beta of 4.43.

uCloudlink Group Company Profile

uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company 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, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.