Brokerages Expect Phunware, Inc. (NASDAQ:PHUN) to Announce -$0.04 Earnings Per Share

Equities research analysts expect that Phunware, Inc. (NASDAQ:PHUNGet Rating) will report ($0.04) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Phunware’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.05). Phunware reported earnings of ($0.12) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Phunware will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to ($0.13). For the next year, analysts anticipate that the firm will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.07). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Phunware.

Separately, Zacks Investment Research cut shares of Phunware from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 29th.

Several large investors have recently modified their holdings of PHUN. Crestwood Advisors Group LLC bought a new position in shares of Phunware in the 4th quarter worth $26,000. Shay Capital LLC bought a new position in shares of Phunware in the 4th quarter worth $29,000. HighTower Advisors LLC bought a new position in shares of Phunware during the 1st quarter valued at $29,000. Commonwealth Equity Services LLC bought a new position in shares of Phunware during the 3rd quarter valued at $31,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Phunware during the 1st quarter valued at $31,000. 7.81% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ PHUN opened at $1.43 on Friday. Phunware has a 1 year low of $0.82 and a 1 year high of $24.04. The company has a current ratio of 1.98, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $2.26 and its two-hundred day simple moving average is $2.82.

Phunware Company Profile (Get Rating)

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios worldwide. Its products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application admins to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.

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