Brokerages Expect Pareteum Corp (TEUM) to Post -$0.02 EPS

Equities analysts predict that Pareteum Corp (NASDAQ:TEUM) will report earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Pareteum’s earnings, with estimates ranging from ($0.03) to ($0.01). Pareteum reported earnings per share of $0.03 during the same quarter last year, which would suggest a negative year-over-year growth rate of 166.7%. The company is scheduled to issue its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that Pareteum will report full year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to $0.00. For the next fiscal year, analysts forecast that the business will post earnings of $0.09 per share, with EPS estimates ranging from ($0.03) to $0.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Pareteum.

Pareteum (NASDAQ:TEUM) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. The company had revenue of $23.04 million during the quarter, compared to analyst estimates of $20.90 million. Pareteum had a negative net margin of 32.36% and a negative return on equity of 2.62%.

A number of equities research analysts recently weighed in on TEUM shares. BidaskClub lowered shares of Pareteum from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Oppenheimer assumed coverage on Pareteum in a report on Friday, April 26th. They set an “outperform” rating and a $7.00 price objective on the stock. Finally, ValuEngine raised Pareteum from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Pareteum presently has an average rating of “Buy” and a consensus price target of $7.00.

TEUM traded down $0.19 during trading hours on Thursday, reaching $4.65. 16,785 shares of the stock traded hands, compared to its average volume of 4,392,238. The firm has a market cap of $544.63 million, a price-to-earnings ratio of 52.00 and a beta of 1.13. Pareteum has a fifty-two week low of $1.45 and a fifty-two week high of $5.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15.

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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