Equities research analysts predict that Phunware, Inc. (NASDAQ:PHUN) will report $5.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Phunware’s earnings. The highest sales estimate is $5.05 million and the lowest is $5.03 million. Phunware posted sales of $2.02 million during the same quarter last year, which suggests a positive year-over-year growth rate of 149.5%. The firm is expected to announce its next earnings report on Thursday, March 24th.
On average, analysts expect that Phunware will report full year sales of $10.28 million for the current fiscal year, with estimates ranging from $10.27 million to $10.29 million. For the next year, analysts forecast that the business will report sales of $24.96 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Phunware.
Phunware (NASDAQ:PHUN) last announced its quarterly earnings results on Thursday, November 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Phunware had a negative net margin of 363.83% and a negative return on equity of 248.37%. The firm had revenue of $2.16 million during the quarter, compared to analysts’ expectations of $1.93 million. During the same period in the prior year, the company posted ($0.10) EPS.
PHUN has been the subject of several analyst reports. Roth Capital reaffirmed a “buy” rating and set a $1.75 target price on shares of Phunware in a research report on Wednesday, September 1st. TheStreet raised Phunware from a “d” rating to a “c-” rating in a research report on Friday, December 3rd. Zacks Investment Research raised Phunware from a “sell” rating to a “hold” rating and set a $4.50 target price for the company in a research report on Wednesday, November 17th. Finally, HC Wainwright raised their target price on…
