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

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

On average, analysts expect that Phunware will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.13). For the next financial year, analysts anticipate that the company 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 calculations are an average based on a survey of research firms that that provide coverage for Phunware.

Separately, Zacks Investment Research downgraded Phunware from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 29th.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Phunware by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,423,387 shares of the company’s stock worth $9,517,000 after purchasing an additional 134,012 shares during the last quarter. BlackRock Inc. lifted its stake in Phunware by 2.0% in the first quarter. BlackRock Inc. now owns 1,200,122 shares of the company’s stock valued at $3,336,000 after buying an additional 23,121 shares during the last quarter. Geode Capital Management LLC lifted its stake in Phunware by 24.1% in the third quarter. Geode Capital Management LLC now owns 668,529 shares of the company’s stock valued at $620,000 after buying an additional 129,871 shares during the last quarter. Morgan Stanley lifted its stake in Phunware by 343.2% in the second quarter. Morgan Stanley now owns 230,442 shares of the company’s stock valued at $320,000 after buying an additional 178,442 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Phunware by 16.7% in the first quarter. Northern Trust Corp now owns 144,420 shares of the company’s stock valued at $401,000 after buying an additional 20,623 shares during the last quarter. Hedge funds and other institutional investors own 7.81% of the company’s stock.

NASDAQ PHUN traded up $0.08 during trading on Friday, hitting $1.58. The stock had a trading volume of 3,497,363 shares, compared to its average volume of 3,181,905. The company has a market capitalization of $153.66 million, a PE ratio of -2.36 and a beta of 12.19. The company has a quick ratio of 1.89, a current ratio of 1.98 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.84. Phunware has a twelve month low of $0.82 and a twelve month high of $24.04.

About Phunware (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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