Zacks: Brokerages Expect DASAN Zhone Solutions, Inc. (DZSI) Will Announce Quarterly Sales of $59.86 Million
Wall Street brokerages expect DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) to post $59.86 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for DASAN Zhone Solutions’ earnings, with the lowest sales estimate coming in at $57.37 million and the highest estimate coming in at $62.34 million. DASAN Zhone Solutions reported sales of $32.17 million in the same quarter last year, which indicates a positive year-over-year growth rate of 86.1%. The business is scheduled to issue its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that DASAN Zhone Solutions will report full year sales of $59.86 million for the current year, with estimates ranging from $220.69 million to $240.48 million. For the next year, analysts forecast that the company will report sales of $249.86 million per share. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for DASAN Zhone Solutions.
DASAN Zhone Solutions (NASDAQ:DZSI) last issued its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The firm had revenue of $60.11 million during the quarter, compared to the consensus estimate of $54.07 million. DASAN Zhone Solutions had a negative return on equity of 19.03% and a negative net margin of 7.22%.
Separately, Zacks Investment Research upgraded DASAN Zhone Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th.
TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/24/zacks-brokerages-expect-dasan-zhone-solutions-inc-dzsi-will-announce-quarterly-sales-of-59-86-million.html.
DASAN Zhone Solutions (NASDAQ:DZSI) opened at 6.6612 on Thursday. The company’s market capitalization is $109.10 million. DASAN Zhone Solutions has a 52 week low of $4.25 and a 52 week high of $10.00. The company’s 50-day moving average price is $6.83 and its 200-day moving average price is $5.61.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DASAN Zhone Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DASAN Zhone Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.