WidePoint Corporation (NASDAQ:WYY) Expected to Announce Quarterly Sales of $21.14 Million
Wall Street analysts forecast that WidePoint Corporation (NASDAQ:WYY) will announce $21.14 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for WidePoint’s earnings, with the lowest sales estimate coming in at $20.00 million and the highest estimate coming in at $22.28 million. WidePoint reported sales of $17.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 13th.
According to Zacks, analysts expect that WidePoint will report full-year sales of $92.13 million for the current financial year, with estimates ranging from $90.92 million to $93.34 million. For the next fiscal year, analysts anticipate that the company will post sales of $100.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover WidePoint.
Shares of NASDAQ:WYY remained flat at $$0.43 on Thursday. 2,800 shares of the company’s stock were exchanged, compared to its average volume of 163,558. WidePoint has a 52 week low of $0.38 and a 52 week high of $0.63. The business has a fifty day simple moving average of $0.45.
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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