$23.34 Million in Sales Expected for WidePoint Corporation (NASDAQ:WYY) This Quarter
Wall Street analysts expect that WidePoint Corporation (NASDAQ:WYY) will post sales of $23.34 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for WidePoint’s earnings, with estimates ranging from $23.17 million to $23.50 million. WidePoint reported sales of $21.29 million in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The business is expected to report its next earnings results on Wednesday, November 13th.
On average, analysts expect that WidePoint will report full-year sales of $91.90 million for the current year, with estimates ranging from $90.92 million to $92.88 million. For the next financial year, analysts anticipate that the business will report sales of $100.33 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover WidePoint.
NASDAQ:WYY traded down $0.01 during mid-day trading on Tuesday, hitting $0.33. 288,200 shares of the company’s stock were exchanged, compared to its average volume of 184,666. The company has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.44. WidePoint has a fifty-two week low of $0.31 and a fifty-two week 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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