Brokerages Anticipate Switch Inc (SWCH) to Post -$0.22 Earnings Per Share
Equities research analysts expect Switch Inc (NYSE:SWCH) to post ($0.22) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Switch’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.24). The business is expected to announce its next quarterly earnings report after the market closes on Thursday, March 29th.
On average, analysts expect that Switch will report full-year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.04. For the next financial year, analysts expect that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Switch.
Switch (NYSE:SWCH) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $95.81 million. The company’s quarterly revenue was up 19.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of Switch during the fourth quarter valued at approximately $121,000. FNY Managed Accounts LLC bought a new stake in shares of Switch during the fourth quarter valued at approximately $181,000. Two Sigma Advisers LP bought a new stake in shares of Switch during the fourth quarter valued at approximately $206,000. Wolverine Trading LLC bought a new stake in shares of Switch during the fourth quarter valued at approximately $218,000. Finally, California Public Employees Retirement System bought a new stake in shares of Switch during the fourth quarter valued at approximately $273,000. Institutional investors own 0.35% of the company’s stock.
Shares of Switch (NYSE:SWCH) opened at $15.81 on Thursday. Switch has a 1 year low of $14.06 and a 1 year high of $24.90. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18.
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.
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