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.
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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