Friday, March 19, 2021 6:05:13 AM
https://finance.yahoo.com/news/widepoint-wyy-report-q4-earning
WidePoint Corporation WYY is slated to release fourth-quarter 2020 results on Mar 23.
For the fiscal fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $44.39 million, indicating a 58% year-over-year surge.
For the bottom line, the Zacks Consensus Estimate stands at 5 cents, implying year-over-year growth from a break-even.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and matched in one, the average surprise being 30%.
Let’s see how things have shaped up for this announcement.
Factors in Play
WidePoint’s quarterly revenues are anticipated to reflect benefits from the 2020 Census project, which is the largest managed mobility services project in the United States.
Material increases on other contracts are also expected to have continued throughout the quarter.
High demand for managed services, on the back of increased cloud adoption and lower budget for IT spending, is expected to have driven the demand for WidePoint’s products and solutions during the quarter under review.
Deal wins, especially from government agencies, are expected to have been a positive for the company.
Moreover, in the last earnings call, management had mentioned that the company has added more-than-expected higher-margin revenue streams. This might have driven growth in adjusted EBITDA during the fourth quarter.
What Our Model Says
Our proven model does not predict an earnings beat for WidePoint this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
WidePoint currently has a Zacks Rank of 3 and an Earnings ESP of 0.00%.
Recent WYY News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 08:59:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 08:53:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 08:45:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:40:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 10:53:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 01:00:30 PM
- WidePoint to Present at the 2024 Gateway Conference on September 4 at 9:00 a.m. Pacific Time • GlobeNewswire Inc. • 08/06/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:42:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:37:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:35:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:33:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:27:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:25:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 08:23:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 12:31:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 11:31:09 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 02:07:32 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 10:26:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 02:30:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 05:15:13 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/27/2023 09:41:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 01:31:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:02:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/16/2023 12:30:16 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM