IDI, Inc. (COGT) Expected to Announce Earnings of -$0.16 Per Share

Wall Street brokerages forecast that IDI, Inc. (NASDAQ:COGT) will announce earnings of ($0.16) per share for the current quarter, Zacks reports. Two analysts have provided estimates for IDI’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.14). IDI posted earnings per share of ($0.11) during the same quarter last year, which would suggest a negative year-over-year growth rate of 45.5%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, November 8th.

According to Zacks, analysts expect that IDI will report full-year earnings of ($0.86) per share for the current fiscal year, with EPS estimates ranging from ($0.90) to ($0.81). For the next year, analysts forecast that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.27) to ($0.07). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for IDI.

COGT has been the topic of several analyst reports. Roth Capital set a $8.00 price target on IDI and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded IDI from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th.

Shares of IDI (COGT) traded down $0.05 during mid-day trading on Wednesday, reaching $4.70. The company’s stock had a trading volume of 54,905 shares, compared to its average volume of 153,740. IDI has a one year low of $2.90 and a one year high of $6.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 1.62.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in IDI by 25.6% during the first quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock worth $350,000 after buying an additional 15,384 shares in the last quarter. Wells Fargo & Company MN boosted its stake in IDI by 1,009.3% during the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in IDI during the first quarter worth $179,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in IDI by 328.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock worth $480,000 after buying an additional 79,100 shares in the last quarter. Institutional investors and hedge funds own 8.77% of the company’s stock.

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About IDI

IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.

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Earnings History and Estimates for IDI (NASDAQ:COGT)

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