$5.84 Million in Sales Expected for Auxilio Inc. (CTEK) This Quarter
Equities research analysts forecast that Auxilio Inc. (NASDAQ:CTEK) will announce $5.84 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Auxilio’s earnings, with the lowest sales estimate coming in at $5.82 million and the highest estimate coming in at $5.85 million. Auxilio posted sales of $16.38 million during the same quarter last year, which indicates a negative year over year growth rate of 64.3%. The firm is expected to issue its next earnings results on Monday, May 13th.
On average, analysts expect that Auxilio will report full year sales of $24.83 million for the current fiscal year, with estimates ranging from $24.26 million to $25.40 million. For the next fiscal year, analysts forecast that the firm will post sales of $28.94 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Auxilio.
Several equities research analysts have commented on CTEK shares. Roth Capital restated a “buy” rating on shares of Auxilio in a research note on Friday, March 22nd. B. Riley restated a “buy” rating on shares of Auxilio in a research note on Tuesday, April 2nd.
Cynergistek, Inc provides outsourced document management services and IT security consulting services primarily to the healthcare industry in the United States. It offers workflow solutions; and creates manageable, dependable print management programs by managing the back-office processes of hospital clients.
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