Speaking to Benzinga, Topeka Capital Markets Analyst Frederick Ziegel said that NQ Mobile Inc NQ has so much information to put out in today’s earnings report that he doesn’t know that anybody can possible have any idea about the numbers.
“My guess is revenues will be higher than people had thought previously, and I suspect margins will be lower,” he said.
Because the company hasn’t reported earnings at all this year, there isn’t much information for investors.
The company did come out and say the first quarter was better than previous guidance, Ziegel pointed out, and provided higher-than-expected guidance for the second quarter.
“They have made acquitistions that they say are immediately accretive,” Ziegel said. “Although, I think they’ve issued around another 15 million shares of stock to do that.”
Ziegel explained that NQ Mobile has made some comments over the past year about the strength of a few of their businesses.
“So, if you take that as gospel, then it would suggest that we’re going to see a much bigger mobile device management business than perhaps people thought before. The same with their gaming business,” he said.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.