Connecture, Inc. (CNXR) Expected to Post Quarterly Sales of $17.16 Million
Brokerages expect that Connecture, Inc. (NASDAQ:CNXR) will post $17.16 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Connecture’s earnings, with estimates ranging from $17.00 million to $17.31 million. Connecture posted sales of $18.73 million in the same quarter last year, which suggests a negative year over year growth rate of 8.4%. The company is expected to issue its next earnings report on Monday, August 7th.
According to Zacks, analysts expect that Connecture will report full-year sales of $17.16 million for the current financial year, with estimates ranging from $75.17 million to $78.02 million. For the next financial year, analysts expect that the company will post sales of $83.76 million per share, with estimates ranging from $82.01 million to $85.50 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Connecture.
Connecture (NASDAQ:CNXR) last released its quarterly earnings data on Monday, May 8th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. The firm had revenue of $18.27 million for the quarter, compared to the consensus estimate of $16.49 million. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share.
Separately, Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research note on Monday, May 15th.
Shares of Connecture (NASDAQ:CNXR) opened at 0.68 on Tuesday. The stock’s 50 day moving average price is $0.73 and its 200-day moving average price is $1.19. Connecture has a 52-week low of $0.48 and a 52-week high of $2.64. The company’s market capitalization is $15.38 million.
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Connecture Company Profile
Connecture, Inc provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.
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