WidePoint Corporation (NASDAQ:WYY) Expected to Announce Quarterly Sales of $21.14 Million
Wall Street analysts expect WidePoint Corporation (NASDAQ:WYY) to announce sales of $21.14 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for WidePoint’s earnings. The lowest sales estimate is $20.00 million and the highest is $22.28 million. WidePoint posted sales of $17.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 20.5%. The business is scheduled to report its next earnings report 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 year, analysts forecast that the company will report sales of $100.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for WidePoint.
NASDAQ:WYY remained flat at $$0.43 on Thursday. The company’s stock had a trading volume of 2,800 shares, compared to its average volume of 163,558. The business has a 50 day moving average price of $0.45. WidePoint has a twelve month low of $0.38 and a twelve month high of $0.63.
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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