CalAmp Corp expected to post a loss of $2.04 a share - Earnings Preview

CalAmp

23/04/2024 13:14

* CalAmp Corp  CAMP.OQ   CAMP.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 25
(estimated) for the period ending February 29 2024
    * The Irvine California-based  company is expected to report
a
34.7% decrease in revenue to $51.269 million from $78.51 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on January 9 2024, for
the period ended February 29, was for revenue between $52.55
million and $53.63 million.
    * ​LSEG's mean analyst estimate for CalAmp Corp is for a
loss of
$2.04 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CalAmp Corp
is
$17.83​, above​ its last closing price of $3.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  -0.93       -0.77      -2.76     Missed  -260
 Aug. 31 2023  0.70        0.69       -0.23     Missed  -133.3
 May. 31 2023  0.95        0.92       0.23      Missed  -75​
 Feb. 28 2023              0.37       1.38      Beat    270.4
 ​​Nov.        0.16        0.05       0.00      Missed  -100
 30 2022                                                
 Aug. 31 2022  -0.72       -0.65      -0.46     Beat    29.4​
 May. 31 2022  -1.05       -0.73      -2.30     Missed  -215.8
 Feb. 28 2022  -1.15       -1.78      -0.23     Beat    87.1
 This summary was machine generated April 23 at 12:14 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)