Zacks: Brokers expect IDEX Biometrics ASA (NASDAQ: IDBA) to report quarterly sales of $1.70 million

Wall Street analysts expect IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) to report revenue of $1.70 million for the current quarter, reports Zacks Investment Research. Two analysts have made earnings estimates for IDEX Biometrics ASA, with the lowest estimate of sales being $900,000.00 and the highest estimate being $2.50 million. IDEX Biometrics ASA reported sales of $620,000.00 in the same quarter last year, which would indicate a positive year-over-year growth rate of 174.2%. The company is expected to announce its next quarterly earnings report on Wednesday, May 11.

According to Zacks, analysts expect IDEX Biometrics ASA to report annual sales of $10.05 million for the current year, with estimates ranging from $7.10 million to $13.00 million. dollars. For the next fiscal year, analysts expect the company to post sales of $43.50 million, with estimates ranging from $37.00 to $50.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover IDEX Biometrics ASA.

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) last released its results on Thursday, February 24. The company reported ($1.50) earnings per share (EPS) for the quarter, missing the Zacks consensus estimate of ($0.56) by ($0.94). IDEX Biometrics ASA had a negative net margin of 1146.20% and a negative return on equity of 115.40%. The company posted revenue of $0.79 million in the quarter, versus $0.82 million expected by analysts.

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The NASDAQ IDBA opened at $14.85 on Friday. IDEX Biometrics ASA has a 12 month minimum of $13.70 and a 12 month maximum of $31.62. The company has a 50-day moving average of $20.51 and a 200-day moving average of $23.13. The company has a market capitalization of $200.06 million and a P/E ratio of -3.96.

A hedge fund recently increased its stake in IDEX Biometrics ASA stock. Morgan Stanley increased its equity stake in IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) by 1,539.0% in the second quarter, according to the company in its latest SEC filing. The institutional investor held 1,639 shares of the company after purchasing an additional 1,539 shares during the quarter. Morgan Stanley’s holdings in IDEX Biometrics ASA were worth $31,000 when it last filed with the SEC. 0.01% of the shares are held by institutional investors.

About IDEX Biometrics ASA (Get an assessment)

IDEX Biometrics ASA engages in the design, development and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, America and Asia. The Company offers IDEX Biometrics for the biometric smart card market, including biometric fingerprint sensors for use in dual-interface, contactless-only and contact-only smart cards; biometric fingerprint modules for contact smart cards; and card-enrollment solutions for in-person remote enrollment.

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