Pareteum Corp (TEUM) Expected to Post Quarterly Sales of $18.81 Million

Equities research analysts expect that Pareteum Corp (NASDAQ:TEUM) will announce sales of $18.81 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pareteum’s earnings, with the lowest sales estimate coming in at $18.61 million and the highest estimate coming in at $19.00 million. Pareteum posted sales of $4.11 million in the same quarter last year, which suggests a positive year-over-year growth rate of 357.7%. The firm is scheduled to report its next earnings results on Monday, May 6th.

According to Zacks, analysts expect that Pareteum will report full-year sales of $109.82 million for the current financial year, with estimates ranging from $109.63 million to $110.00 million. For the next fiscal year, analysts expect that the firm will post sales of $163.33 million, with estimates ranging from $146.65 million to $180.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Pareteum.

Pareteum (NASDAQ:TEUM) last announced its earnings results on Tuesday, March 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Pareteum had a negative return on equity of 6.67% and a negative net margin of 40.01%. The company had revenue of $14.31 million for the quarter, compared to the consensus estimate of $13.40 million.

Several brokerages have weighed in on TEUM. BidaskClub downgraded Pareteum from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Pareteum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Maxim Group began coverage on Pareteum in a research note on Friday, January 11th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Northland Securities began coverage on Pareteum in a research note on Thursday, December 20th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Pareteum has an average rating of “Buy” and a consensus price target of $7.00.

Shares of TEUM stock traded down $0.19 during midday trading on Tuesday, hitting $3.82. The company had a trading volume of 2,932,326 shares, compared to its average volume of 3,095,358. Pareteum has a 52-week low of $1.45 and a 52-week high of $5.93. The company has a market capitalization of $446.69 million, a P/E ratio of 42.44 and a beta of 1.15.

Pareteum Company Profile

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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