$12.40 Million in Sales Expected for Sito Mobile Ltd (SITO) This Quarter
Wall Street brokerages expect Sito Mobile Ltd (NASDAQ:SITO) to report $12.40 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sito Mobile’s earnings. The lowest sales estimate is $12.30 million and the highest is $12.50 million. Sito Mobile reported sales of $7.46 million in the same quarter last year, which would suggest a positive year over year growth rate of 66.2%. The business is scheduled to report its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Sito Mobile will report full-year sales of $12.40 million for the current year, with estimates ranging from $41.00 million to $41.02 million. For the next year, analysts forecast that the firm will post sales of $52.50 million per share, with estimates ranging from $51.20 million to $53.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Sito Mobile.
Sito Mobile (NASDAQ:SITO) last released its earnings results on Tuesday, November 14th. The Wireless communications provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). Sito Mobile had a negative return on equity of 47.82% and a negative net margin of 29.34%. The firm had revenue of $11.10 million for the quarter, compared to analyst estimates of $11.34 million. Sito Mobile’s revenue was up 29.7% compared to the same quarter last year.
Sito Mobile (NASDAQ:SITO) traded down $0.15 during mid-day trading on Monday, reaching $6.28. The company had a trading volume of 96,200 shares, compared to its average volume of 220,770. Sito Mobile has a fifty-two week low of $1.71 and a fifty-two week high of $8.60.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cannell Peter B & Co. Inc. lifted its stake in Sito Mobile by 10.7% during the third quarter. Cannell Peter B & Co. Inc. now owns 882,995 shares of the Wireless communications provider’s stock worth $6,305,000 after purchasing an additional 85,300 shares during the period. National Asset Management Inc. lifted its stake in Sito Mobile by 36.4% during the third quarter. National Asset Management Inc. now owns 682,000 shares of the Wireless communications provider’s stock worth $4,870,000 after purchasing an additional 182,000 shares during the period. Finally, Private Advisor Group LLC bought a new position in Sito Mobile during the third quarter worth about $204,000. Hedge funds and other institutional investors own 12.50% of the company’s stock.
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About Sito Mobile
SITO Mobile, Ltd. operates a mobile location-based advertising platform serving businesses, advertisers and brands. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.
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