Core Viewpoint - The market anticipates WidePoint (WYY) to report a year-over-year increase in earnings driven by higher revenues for the quarter ending September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for WidePoint is a loss of 30.41 million, an increase of 18.2% from the previous year [3]. - The stock may experience upward movement if the earnings report exceeds expectations, while a miss could lead to a decline [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 112.5%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for WidePoint is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.69%, complicating predictions for an earnings beat [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong indicator of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - WidePoint currently holds a Zacks Rank of 3, which, combined with a negative Earnings ESP, makes it challenging to predict a positive earnings surprise [10]. Historical Performance - In the last reported quarter, WidePoint was expected to post a loss of 0.05, resulting in a surprise of +37.50% [11]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [12]. Conclusion - While WidePoint does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions ahead of the earnings release [15].
WidePoint (WYY) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release