Analysts Expect Towerstream Corp. (NASDAQ:TWER) to Post ($1.19) EPS
Shares of Towerstream Corp. (NASDAQ:TWER) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price objective of $4.00 for the company and are predicting that the company will post ($1.19) earnings per share for the current quarter, according to Zacks. Zacks has also given Towerstream Corp. an industry rank of 109 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
Towerstream Corp. (NASDAQ:TWER) traded down 4.3551% during trading on Friday, hitting $1.3199. 966,979 shares of the company were exchanged. Towerstream Corp. has a 1-year low of $1.18 and a 1-year high of $20.60. The stock’s market capitalization is $6.00 million. The firm’s 50 day moving average price is $1.83 and its 200-day moving average price is $3.00.
Towerstream Corp. (NASDAQ:TWER) last announced its earnings results on Tuesday, August 9th. The company reported ($1.38) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.60) by $0.22. Towerstream Corp. had a negative net margin of 122.42% and a negative return on equity of 1,151.39%. Equities analysts predict that Towerstream Corp. will post ($5.77) EPS for the current year.
Towerstream Corp. Company Profile
Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.
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