Phunware (PHUN) to Release Earnings on Thursday

Phunware (NASDAQ:PHUN) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.

Phunware (NASDAQ:PHUN) last announced its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.05. The business had revenue of $1.01 million for the quarter, compared to analyst estimates of $1.14 million. During the same quarter last year, the company posted ($3.00) EPS. On average, analysts expect Phunware to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Phunware Stock Down 10.1 %

PHUN traded down $0.70 on Tuesday, hitting $6.21. 9,683,909 shares of the company traded hands, compared to its average volume of 3,240,009. The company has a 50 day moving average of $4.95 and a 200-day moving average of $5.32. Phunware has a 12-month low of $2.85 and a 12-month high of $24.49. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PHUN. Ascendiant Capital Markets lowered their price objective on shares of Phunware from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. HC Wainwright lifted their target price on shares of Phunware from $7.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

About Phunware

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 in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.