Phunware, Inc. Expected to Post Q1 2022 Earnings of ($0.03) Per Share (NASDAQ:PHUN)
Phunware, Inc. (NASDAQ:PHUN) – Stock analysts at Taglich Brothers issued their Q1 2022 EPS estimates for shares of Phunware in a report released on Monday, April 5th. Taglich Brothers analyst H. Halpern anticipates that the company will earn ($0.03) per share for the quarter. Taglich Brothers also issued estimates for Phunware’s Q2 2022 earnings at ($0.03) EPS, Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at ($0.02) EPS and FY2022 earnings at ($0.09) EPS.
Phunware (NASDAQ:PHUN) last released its earnings results on Wednesday, March 24th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Phunware had a negative return on equity of 5,811.09% and a negative net margin of 186.72%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC increased its stake in Phunware by 98.7% in the 4th quarter. Cresset Asset Management LLC now owns 130,830 shares of the company’s stock worth $165,000 after acquiring an additional 65,000 shares during the last quarter. STA Wealth Management LLC boosted its holdings in Phunware by 11.7% during the 4th quarter. STA Wealth Management LLC now owns 247,870 shares of the company’s stock valued at $312,000 after acquiring an additional 26,000 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Phunware during the 4th quarter valued at $25,000. 4.07% of the stock is currently owned by institutional investors.
Phunware Company Profile
Phunware, Inc, together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers platforms as software-as-a-service, application transactions media, and data licensing.
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