Pareteum Corp (NASDAQ:TEUM) Expected to Post Quarterly Sales of $28.49 Million
Equities analysts expect Pareteum Corp (NASDAQ:TEUM) to announce $28.49 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pareteum’s earnings. The lowest sales estimate is $27.31 million and the highest is $30.00 million. Pareteum reported sales of $6.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 374.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Pareteum will report full year sales of $118.78 million for the current fiscal year, with estimates ranging from $116.09 million to $123.00 million. For the next year, analysts forecast that the company will report sales of $169.37 million, with estimates ranging from $150.23 million to $192.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Pareteum.
Pareteum (NASDAQ:TEUM) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.05. The company had revenue of $23.04 million for the quarter, compared to analysts’ expectations of $20.90 million. Pareteum had a negative return on equity of 2.62% and a negative net margin of 32.36%.
Shares of NASDAQ TEUM traded up $0.01 during trading hours on Monday, reaching $2.58. 2,593,215 shares of the stock traded hands, compared to its average volume of 6,122,959. The stock has a market cap of $286.93 million, a price-to-earnings ratio of 28.67 and a beta of 1.24. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. Pareteum has a 52-week low of $1.45 and a 52-week high of $5.93.
Pareteum Company Profile
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.
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