Equities analysts expect IDI, Inc. (NASDAQ:COGT) to post $51.90 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for IDI’s earnings, with the lowest sales estimate coming in at $51.00 million and the highest estimate coming in at $52.80 million. IDI posted sales of $41.04 million in the same quarter last year, which suggests a positive year over year growth rate of 26.5%. The company is scheduled to report its next quarterly earnings report on Monday, August 14th.

On average, analysts expect that IDI will report full year sales of $51.90 million for the current financial year, with estimates ranging from $233.57 million to $236.21 million. For the next fiscal year, analysts expect that the firm will report sales of $288.55 million per share, with estimates ranging from $279.10 million to $293.95 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow IDI.

IDI (NASDAQ:COGT) last announced its earnings results on Tuesday, May 9th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.09. IDI had a negative return on equity of 12.16% and a negative net margin of 17.68%. The business had revenue of $50.80 million for the quarter, compared to analyst estimates of $50.29 million. During the same quarter last year, the firm earned ($0.25) EPS. IDI’s revenue for the quarter was up 28.9% compared to the same quarter last year.

COGT has been the topic of a number of research reports. Chardan Capital reaffirmed a “buy” rating and set a $12.50 price target on shares of IDI in a research note on Monday, March 13th. Zacks Investment Research raised IDI from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Monday, May 22nd. Finally, Roth Capital initiated coverage on IDI in a research note on Thursday, June 29th. They set a “buy” rating and a $7.65 price target on the stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/09/51-90-million-in-sales-expected-for-idi-inc-cogt-this-quarter.html.

Shares of IDI (NASDAQ:COGT) traded up 13.83% during midday trading on Friday, reaching $5.35. The company had a trading volume of 317,241 shares. The stock’s 50 day moving average is $4.97 and its 200-day moving average is $4.33. IDI has a 12-month low of $2.90 and a 12-month high of $6.22. The stock’s market capitalization is $293.08 million.

Several hedge funds have recently modified their holdings of COGT. Schwab Charles Investment Management Inc. increased its stake in shares of IDI by 328.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after buying an additional 79,100 shares during the period. WealthTrust Axiom LLC bought a new stake in shares of IDI during the first quarter valued at approximately $418,000. Bank of New York Mellon Corp increased its stake in shares of IDI by 25.6% in the first quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock valued at $350,000 after buying an additional 15,384 shares during the period. Wells Fargo & Company MN increased its stake in shares of IDI by 1,009.3% in the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after buying an additional 53,874 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of IDI during the first quarter valued at approximately $179,000. 8.49% of the stock is owned by hedge funds and other institutional investors.

About IDI

IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.

Get a free copy of the Zacks research report on IDI (COGT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for IDI Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDI Inc. and related companies with MarketBeat.com's FREE daily email newsletter.