Switch Inc (SWCH) Expected to Post Quarterly Sales of $99.55 Million
Wall Street analysts expect that Switch Inc (NYSE:SWCH) will report $99.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Switch’s earnings, with estimates ranging from $98.67 million to $100.66 million. The company is scheduled to report its next earnings results on Monday, February 12th.
On average, analysts expect that Switch will report full-year sales of $99.55 million for the current year, with estimates ranging from $377.61 million to $378.97 million. For the next financial year, analysts expect that the business will report sales of $433.28 million per share, with estimates ranging from $429.59 million to $436.83 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Switch.
Switch (NYSE:SWCH) last issued its earnings results on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $95.81 million. The firm’s revenue was up 19.6% on a year-over-year basis.
Switch (SWCH) opened at $16.33 on Wednesday. Switch has a fifty-two week low of $15.77 and a fifty-two week high of $24.90. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18.
Hedge funds have recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of Switch in the fourth quarter valued at about $181,000. American Assets Capital Advisers LLC acquired a new stake in shares of Switch in the fourth quarter valued at about $720,000. Shikiar Asset Management Inc. acquired a new stake in shares of Switch in the fourth quarter valued at about $1,157,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Switch in the fourth quarter valued at about $1,486,000. 0.20% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/01/31/switch-inc-swch-expected-to-post-quarterly-sales-of-99-55-million.html.
Switch Company Profile
Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with MarketBeat.com's FREE daily email newsletter.