WidePoint Corporation (WYY) Expected to Announce Quarterly Sales of $22.52 Million

Wall Street brokerages predict that WidePoint Corporation (NASDAQ:WYY) will report sales of $22.52 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for WidePoint’s earnings. The highest sales estimate is $23.50 million and the lowest is $21.53 million. WidePoint posted sales of $20.08 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The business is expected to report its next earnings report on Monday, May 13th.

According to Zacks, analysts expect that WidePoint will report full year sales of $92.91 million for the current fiscal year, with estimates ranging from $92.50 million to $93.32 million. For the next fiscal year, analysts anticipate that the firm will post sales of $99.42 million, with estimates ranging from $99.32 million to $99.52 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover WidePoint.

Shares of WYY traded up $0.01 during trading hours on Friday, reaching $0.43. The company’s stock had a trading volume of 200 shares, compared to its average volume of 121,873. WidePoint has a 1-year low of $0.38 and a 1-year high of $0.60.

About WidePoint

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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