$-0.02 EPS Expected for GTT Communications Inc (GTT)

October 16, 2017 - By Linda Rogers

Wall Street await GTT Communications Inc (NYSE:GTT) to release earnings on November, 8. Analysts forecast earnings per share of $-0.02, down exactly $0.16 or 114.29 % from 2014’s $0.14 EPS. After posting $0.02 EPS for the previous quarter, GTT Communications Inc’s analysts now forecast -200.00 % negative EPS growth. The stock increased 0.46% or $0.15 on October 13, reaching $33. About 224,234 shares traded. GTT Communications Inc (NYSE:GTT) has risen 78.59% since October 16, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

GTT Communications Inc (NYSE:GTT) Ratings Coverage

Among 7 analysts covering GTT Communications (NYSE:GTT), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GTT Communications had 13 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies maintained the shares of GTT in report on Thursday, August 3 with “Buy” rating. Suntrust Robinson initiated the shares of GTT in report on Tuesday, December 13 with “Buy” rating. Cowen & Co initiated the shares of GTT in report on Monday, October 12 with “Outperform” rating. The rating was maintained by Pacific Crest with “Overweight” on Wednesday, September 16. The rating was upgraded by Drexel Hamilton to “Buy” on Wednesday, November 4. The stock of GTT Communications Inc (NYSE:GTT) has “Buy” rating given on Thursday, August 10 by Oppenheimer. The stock of GTT Communications Inc (NYSE:GTT) earned “Buy” rating by Suntrust Robinson on Thursday, February 18. The company was maintained on Tuesday, October 3 by KeyBanc Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, June 26 report. The firm has “Buy” rating by Oppenheimer given on Tuesday, June 27.

GTT Communications, Inc. provides cloud networking services to a range of clients. The company has market cap of $1.37 billion. The Firm offers a portfolio of global communications services, wide area network services; Internet services; managed network and security services, and voice and unified communication services. It currently has negative earnings. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.

More recent GTT Communications Inc (NYSE:GTT) news were published by: Bizjournals.com which released: “Funding roundup: Mapping the Wi-Fi world, roadside assistance and more” on October 05, 2017. Also Seekingalpha.com published the news titled: “GTT completes acquisition of Global Capacity” on September 18, 2017. Seekingalpha.com‘s news article titled: “GTT Communications acquires Transbeam” with publication date: October 03, 2017 was also an interesting one.

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