Switch Inc (SWCH) Expected to Post Earnings of -$0.22 Per Share

Equities research analysts expect Switch Inc (NYSE:SWCH) to post earnings of ($0.22) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Switch’s earnings, with the highest EPS estimate coming in at ($0.21) and the lowest estimate coming in at ($0.24). The company is scheduled to report its next earnings results after the market closes on Thursday, March 29th.

According to Zacks, analysts expect that Switch will report full-year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.04. For the next year, analysts anticipate that the company will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.36. Zacks’ EPS averages are an average based on a survey of research analysts that follow Switch.

Switch (NYSE:SWCH) last issued its earnings results on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year.

A number of brokerages have recently weighed in on SWCH. Credit Suisse Group set a $22.00 target price on Switch and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Goldman Sachs Group began coverage on Switch in a research report on Tuesday, October 31st. They set a “neutral” rating on the stock. William Blair began coverage on Switch in a research report on Tuesday, October 31st. They set an “outperform” rating on the stock. Wells Fargo & Co began coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating on the stock. Finally, Raymond James Financial began coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Switch currently has a consensus rating of “Hold” and an average target price of $21.83.

A number of institutional investors have recently made changes to their positions in SWCH. Wells Fargo & Company MN bought a new stake in Switch during the fourth quarter worth $76,684,000. BlackRock Inc. bought a new stake in Switch during the fourth quarter worth $31,480,000. Deutsche Bank AG bought a new stake in Switch during the fourth quarter worth $22,327,000. Zimmer Partners LP bought a new stake in Switch during the fourth quarter worth $17,208,000. Finally, TCW Group Inc. bought a new stake in Switch during the fourth quarter worth $16,419,000. Institutional investors and hedge funds own 0.35% of the company’s stock.

Switch (SWCH) opened at $15.81 on Thursday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34. Switch has a 12-month low of $14.06 and a 12-month high of $24.90.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

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