Pareteum (TEUM) Set to Announce Quarterly Earnings on Tuesday

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Pareteum (NASDAQ:TEUM) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Pareteum (NASDAQ:TEUM) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.05. The company had revenue of $23.04 million for the quarter, compared to the consensus estimate of $20.90 million. Pareteum had a negative net margin of 32.36% and a negative return on equity of 2.62%. On average, analysts expect Pareteum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pareteum stock opened at $3.45 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. Pareteum has a 52-week low of $1.45 and a 52-week high of $5.93. The stock has a market capitalization of $396.36 million, a P/E ratio of 38.33 and a beta of 0.88. The company’s fifty day simple moving average is $2.95.

TEUM has been the topic of a number of analyst reports. Oppenheimer initiated coverage on shares of Pareteum in a research report on Friday, April 26th. They set an “outperform” rating and a $7.00 price objective on the stock. ValuEngine cut shares of Pareteum from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Pareteum from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.00.

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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Earnings History for Pareteum (NASDAQ:TEUM)

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