Wall Street analysts expect that WidePoint Corporation (NASDAQ:WYY) will announce $21.14 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for WidePoint’s earnings. The highest sales estimate is $22.28 million and the lowest is $20.00 million. WidePoint reported sales of $17.54 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20.5%. The business is expected to announce its next quarterly earnings report on Tuesday, August 13th.
According to Zacks, analysts expect that WidePoint will report full year sales of $93.34 million for the current financial year. For the next financial year, analysts expect that the company will report sales of $100.76 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow WidePoint.
Shares of WYY stock traded up $0.01 on Tuesday, reaching $0.45. The stock had a trading volume of 3,153 shares, compared to its average volume of 167,214. WidePoint has a 1 year low of $0.38 and a 1 year 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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