WidePoint Corporation


WYY

is slated to release first-quarter 2021 results on May 14.

For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $25.45 million, indicating a 35.85% year-over-year plunge.

For the bottom line, the Zacks Consensus Estimate stands at 2 cents, implying a year-over-year decline of 80%.

Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the remaining one, the average surprise being 30%.

Let’s see how things have shaped up for this announcement.

Factors at Play

WidePoint’s quarterly revenues are likely to reflect benefits from the 2020 Census project, which is the largest managed mobility services project in the United States.

Material increases on other contracts are also expected to have continued throughout the quarter.

Deal wins, especially from government agencies, are expected to have been a positive for the company.

Moreover, strong demand for WidePoint’s higher-margin revenue streams, including revenues from its managed services business, might have driven growth in adjusted EBITDA during the first quarter.

What Our Model Says

Our proven model does not predict an earnings beat for WidePoint this season. The combination of a positive

Earnings ESP

and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our

Earnings ESP Filter.

WidePoint currently has a Zacks Rank of 4 (Sell) and an Earnings ESP of 0.00%.

Stocks With Favorable Combinations

Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:

Facebook, Inc.


FB

has an Earnings ESP of +1.25% and currently, a Zacks Rank of 2. You can see


the complete list of today’s Zacks #1 Rank stocks here.

CACI International


CACI

has an Earnings ESP of +4.86% and a Zacks Rank of 2, at present.

Apple Inc.


AAPL

has an Earnings ESP of +1.97% and a Zacks Rank of 2, currently.

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year’s 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2021 today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research