-$0.06 EPS Expected for Minim, Inc. (NASDAQ:MINM) This Quarter

Wall Street brokerages expect that Minim, Inc. (NASDAQ:MINMGet Rating) will post ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Minim’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.06). Minim posted earnings of ($0.02) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Minim will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.12) to ($0.11). For the next financial year, analysts expect that the business will report earnings of ($0.05) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Minim.

Minim (NASDAQ:MINMGet Rating) last issued its earnings results on Thursday, March 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $10.48 million during the quarter, compared to analysts’ expectations of $17.77 million. Minim had a negative return on equity of 39.60% and a negative net margin of 6.47%. During the same period last year, the firm posted ($0.03) earnings per share.

Separately, Zacks Investment Research cut shares of Minim from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th.

Shares of Minim stock opened at $0.71 on Thursday. The stock has a market capitalization of $32.54 million, a PE ratio of -7.85 and a beta of 0.19. Minim has a 52-week low of $0.68 and a 52-week high of $5.28. The company has a 50-day simple moving average of $1.04 and a two-hundred day simple moving average of $1.30.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MINM. Geode Capital Management LLC purchased a new position in shares of Minim during the third quarter valued at approximately $26,000. Millennium Management LLC bought a new stake in Minim during the third quarter valued at approximately $36,000. Morgan Stanley bought a new stake in Minim during the third quarter valued at approximately $38,000. Northern Trust Corp grew its position in Minim by 93.1% during the fourth quarter. Northern Trust Corp now owns 33,455 shares of the company’s stock valued at $42,000 after buying an additional 16,129 shares during the period. Finally, Clear Street LLC bought a new stake in Minim during the fourth quarter valued at approximately $44,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Minim Company Profile (Get Rating)

Minim, Inc, together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products.

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