Brokerages Expect WidePoint Corporation (WYY) Will Announce Quarterly Sales of $23.32 Million
Equities research analysts forecast that WidePoint Corporation (NASDAQ:WYY) will post $23.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for WidePoint’s earnings. The lowest sales estimate is $22.73 million and the highest is $23.91 million. WidePoint posted sales of $19.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, March 21st.
According to Zacks, analysts expect that WidePoint will report full year sales of $82.24 million for the current financial year, with estimates ranging from $81.65 million to $82.83 million. For the next fiscal year, analysts forecast that the company will post sales of $93.05 million, with estimates ranging from $92.77 million to $93.32 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover WidePoint.
Separately, Dawson James reiterated a “buy” rating on shares of WidePoint in a research report on Monday, December 3rd.
WidePoint Company Profile
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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