Pareteum Corp (NASDAQ:TEUM) Expected to Announce Earnings of $0.02 Per Share
Wall Street analysts expect Pareteum Corp (NASDAQ:TEUM) to announce earnings of $0.02 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Pareteum’s earnings, with estimates ranging from $0.01 to $0.02. Pareteum posted earnings per share of $0.01 during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The business is expected to report its next earnings results on Wednesday, November 6th.
On average, analysts expect that Pareteum will report full year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.10. For the next financial year, analysts forecast that the firm will report earnings of $0.15 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow Pareteum.
Several brokerages recently issued reports on TEUM. BidaskClub lowered Pareteum from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Oppenheimer began coverage on Pareteum in a report on Friday, April 26th. They set an “outperform” rating and a $7.00 price objective for the company. Finally, ValuEngine lowered Pareteum from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.00.
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.
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