Zacks: Analysts Anticipate WidePoint Corporation (NASDAQ:WYY) Will Post Quarterly Sales of $21.14 Million

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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.

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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