Phunware (PHUN) to Release Earnings on Thursday

Phunware (NASDAQ:PHUN) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Phunware to post earnings of ($0.26) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Phunware (NASDAQ:PHUN) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.05. The business had revenue of $1.01 million during the quarter, compared to analyst estimates of $1.14 million. During the same period in the previous year, the company posted ($3.00) earnings per share. On average, analysts expect Phunware to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Phunware Price Performance

Shares of NASDAQ PHUN opened at $6.37 on Wednesday. Phunware has a 52 week low of $2.85 and a 52 week high of $24.49. The company’s 50-day moving average price is $5.00 and its 200 day moving average price is $5.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.82 and a quick ratio of 2.82.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PHUN shares. Ascendiant Capital Markets decreased their price target on shares of Phunware from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. HC Wainwright raised their price target on shares of Phunware from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

About Phunware

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.