Sierra Wireless (NASDAQ:SWIR) (TSE:SW) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.22-$0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.31. The company issued revenue guidance of $200-$208 million, compared to the consensus revenue estimate of $208.18 million.Sierra Wireless also updated its Q4 2018 guidance to $0.22-0.30 EPS.
NASDAQ SWIR traded down $3.70 during trading on Friday, reaching $16.02. 2,113,696 shares of the company’s stock were exchanged, compared to its average volume of 302,508. The company has a market capitalization of $684.91 million, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 2.36 and a beta of 2.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.61 and a quick ratio of 1.33. Sierra Wireless has a 1 year low of $15.10 and a 1 year high of $23.45.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, November 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. The business had revenue of $203.40 million during the quarter, compared to the consensus estimate of $202.20 million. During the same period in the previous year, the business earned $0.23 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts expect that Sierra Wireless will post 0.67 earnings per share for the current year.
Sierra Wireless Company Profile
Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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