Nearmap Ltd (ASX:NEA) Is Expected To Breakeven
Kelly Murphy March 28, 2018
NEA is bordering on breakeven, according to analysts. They anticipate the company to incur a final loss in 2018, before generating positive profits of AU$1.01M in 2019. Therefore, NEA is expected to breakeven roughly a couple of months from now! How fast will NEA have to grow each year in order to reach the breakeven point by 2019? Working backwards from analyst estimates, it turns out that they expect the company to grow 113.98% year-on-year, on average, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected...
ASX:NEA Past Future Earnings Mar 28th 18
All of it:
https://simplywall.st/stocks/au/sof.../nearmap-ltd-asxnea-is-expected-to-breakeven/
