, Will stock surge before Earnings results? Boingo Wireless (NASDAQ:WIFI)

Earnings results for Boingo Wireless (NASDAQ:WIFI)

Boingo Wireless, Inc. is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.11. The reported EPS for the same quarter last year was $0.

Boingo Wireless last posted its quarterly earnings results on August 4th, 2020. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.05. The firm had revenue of $58.67 million for the quarter, compared to analyst estimates of $61.32 million. Boingo Wireless has generated ($0.23) earnings per share over the last year. Boingo Wireless has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020.

Analyst Opinion on Boingo Wireless (NASDAQ:WIFI)

8 Wall Street analysts have issued ratings and price targets for Boingo Wireless in the last 12 months. Their average twelve-month price target is $19.00, predicting that the stock has a possible upside of 100.00%. The high price target for WIFI is $22.00 and the low price target for WIFI is $15.00. There are currently 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Boingo Wireless has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.00, Boingo Wireless has a forecasted upside of 100.0% from its current price of $9.50. Boingo Wireless has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Boingo Wireless (NASDAQ:WIFI)

Boingo Wireless does not currently pay a dividend. Boingo Wireless does not have a long track record of dividend growth.

Insiders buying/selling: Boingo Wireless (NASDAQ:WIFI)

In the past three months, Boingo Wireless insiders have not sold or bought any company stock. Only 4.30% of the stock of Boingo Wireless is held by insiders. 89.16% of the stock of Boingo Wireless is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Boingo Wireless (NASDAQ:WIFI

Earnings for Boingo Wireless are expected to grow in the coming year, from ($0.42) to ($0.32) per share. The P/E ratio of Boingo Wireless is -27.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Boingo Wireless is -27.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Boingo Wireless has a P/B Ratio of 4.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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