Brokerages Anticipate Sito Mobile Ltd (SITO) to Announce -$0.15 EPS

Wall Street brokerages expect Sito Mobile Ltd (NASDAQ:SITO) to post earnings of ($0.15) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Sito Mobile’s earnings. Sito Mobile posted earnings per share of ($0.06) during the same quarter last year, which would indicate a negative year-over-year growth rate of 150%. The company is expected to announce its next earnings report on Monday, August 13th.

According to Zacks, analysts expect that Sito Mobile will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to $0.03. For the next financial year, analysts expect that the business will post earnings of $0.03 per share, with EPS estimates ranging from ($0.40) to $0.46. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Sito Mobile.

Sito Mobile (NASDAQ:SITO) last announced its earnings results on Monday, May 14th. The Wireless communications provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The company had revenue of $11.15 million for the quarter, compared to the consensus estimate of $9.25 million. Sito Mobile had a negative return on equity of 90.57% and a negative net margin of 38.36%.

Several analysts recently commented on SITO shares. ValuEngine downgraded shares of Sito Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Zacks Investment Research raised shares of Sito Mobile from a “sell” rating to a “buy” rating and set a $4.50 target price for the company in a report on Wednesday, March 28th. Finally, Maxim Group set a $8.00 target price on shares of Sito Mobile and gave the stock a “buy” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Sito Mobile has an average rating of “Buy” and an average price target of $8.75.

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Sito Mobile in the 4th quarter worth about $113,000. Wells Fargo & Company MN raised its stake in Sito Mobile by 570.3% in the 4th quarter. Wells Fargo & Company MN now owns 17,628 shares of the Wireless communications provider’s stock worth $119,000 after purchasing an additional 14,998 shares in the last quarter. Virtu Financial LLC acquired a new stake in Sito Mobile in the 4th quarter worth about $120,000. Monashee Investment Management LLC acquired a new stake in Sito Mobile in the 4th quarter worth about $126,000. Finally, Private Advisor Group LLC acquired a new stake in Sito Mobile in the 1st quarter worth about $106,000. Institutional investors and hedge funds own 14.02% of the company’s stock.

Shares of SITO stock traded down $0.11 during midday trading on Thursday, hitting $3.06. 290,700 shares of the company were exchanged, compared to its average volume of 227,635. The company has a market capitalization of $93.95 million, a price-to-earnings ratio of -6.12 and a beta of -1.08. Sito Mobile has a 52 week low of $2.68 and a 52 week high of $8.60.

Sito Mobile Company Profile

SITO Mobile, Ltd. operates a mobile location-based advertising platform in the United States and Canada. Its mobile location-based advertising platform allows to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response for brands, agencies, and retailers.

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