CalAmp Corp expected to post a loss of 3 cents a share - Earnings Preview

CalAmp

05/01/2024 21:11

* CalAmp Corp  CAMP.OQ   CAMP.O  is expected to show a fall
in
quarterly revenue when it reports  results on January 9 for the
period ending August 31 2023
    * The Irvine California-based  company is expected to report
a
28.8% decrease in revenue to $56.203 million from $78.89 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on December 18 2023,
for the period ended November 30, was for revenue between $51.00
million and $53.00 million.
    * ​LSEG's mean analyst estimate for CalAmp Corp is for a
loss of 3
cents 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
$0.88​, above​ its last closing price of $0.26. ​​​

The company's guidance on October 5 2023 for the period ended
November 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD51 million and
USD5.874 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  0.03        0.03       -0.01     Missed  -133.3
 May. 31 2023  0.04        0.04       0.01      Missed  -75
 Feb. 28 2023              0.02       0.06      Beat    270.4​
 Nov. 30 2022  0.01        0.00       0.00      Met     -100
 ​​Aug.        -0.03       -0.03      -0.02     Beat    29.4
 31 2022                                                
 May. 31 2022  -0.05       -0.03      -0.10     Missed  -215.8
                                                        ​
 Feb. 28 2022  -0.05       -0.08      -0.01     Beat    87.1
 Nov. 30 2021  0.09        0.08       -0.08     Missed  -196.4
 This summary was machine generated January 5 at 21:11 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)