Pareteum (TEUM) Scheduled to Post Earnings on Tuesday

Pareteum (NASDAQ:TEUM) is set to post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Pareteum to post earnings of ($0.01) per share for the quarter.

Pareteum (NASDAQ:TEUM) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $23.04 million during the quarter, compared to analysts’ expectations of $20.90 million. Pareteum had a negative return on equity of 2.62% and a negative net margin of 32.36%. On average, analysts expect Pareteum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ TEUM traded up $0.02 during mid-day trading on Wednesday, reaching $3.47. 52,556 shares of the company’s stock were exchanged, compared to its average volume of 2,845,607. The firm has a market capitalization of $368.44 million, a price-to-earnings ratio of 38.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. Pareteum has a 52-week low of $1.45 and a 52-week high of $5.93. The stock’s 50-day moving average is $2.92.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Oppenheimer assumed coverage on Pareteum in a report on Friday, April 26th. They set an “outperform” rating and a $7.00 price target for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $7.00.

About Pareteum

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 Software as a Service (Saas), PaaS, or IaaS basis.

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Earnings History for Pareteum (NASDAQ:TEUM)

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