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

CalAmp

18/09/2023 12:02

* CalAmp Corp  CAMP.OQ   CAMP.O  is expected to show a fall
in
quarterly revenue when it reports  results on September 20
(estimated). 
    * The Irvine California-based  company is expected to report
 a
3.4% decrease in revenue to $70.351 million from $72.83 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on July 10 2023,
for the period ended August 31, was for revenue between $67.00
million and $73.00 million.
    * ​Refinitiv's mean analyst estimate for CalAmp Corp is for
earnings of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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
$1.63​, above​ its last closing price of $0.58. ​​​

The company's guidance on July 10 2023 for the period ended
August 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD67 million and USD9 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  -0.03       -0.03      -0.02     Beat    29.4
 ​​May.        -0.05       -0.03      -0.10     Missed  -215.8
 31 2022                                                
 Feb. 28 2022  -0.05       -0.08      -0.01     Beat    87.1​
 Nov. 30 2021  0.09        0.08       -0.08     Missed  -196.4
 Aug. 31 2021  0.06        0.06       0.08      Beat    29.7
 This summary was machine generated September 18 at 11:02 GMT. 
All figures in US dollars  unless otherwise stated