CalAmp Corp expected to post earnings of 4  cents a share - Earnings Preview

CalAmp

07/07/2023 21:08

* CalAmp Corp  CAMP.OQ   CAMP.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 10. 
    * The Irvine California-based  company is expected to report
 a
16.9% increase in revenue to $75.66 million from $64.73 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on April 27
2023, for the period ended May 31, was for revenue between
$72.00 million and $78.00 million.
    * ​Refinitiv's mean analyst estimate for CalAmp Corp is for
earnings of 4 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
$3.38​, above​ its last closing price of $1.03. ​​​

The company's guidance on April 27 2023 for the period ended May
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD72 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  
 Feb. 28 2023              0.02       0.06      Beat    270.4
 Nov. 30 2023  0.01        0.00       0.00      Met     -100
 Aug. 31 2022  -0.03       -0.03      -0.02     Beat    29.4​
 May. 31 2022  -0.05       -0.03      -0.10     Missed  -215.8
 ​​Feb.        -0.05       -0.08      -0.01     Beat    87.1
 28 2022                                                
 Nov. 30 2021  0.09        0.08       -0.08     Missed  -196.4
                                                        ​
 Aug. 31 2021  0.06        0.06       0.08      Beat    29.7
 May. 31 2021  0.08        0.07       0.08      Beat    14.3
 This summary was machine generated July 7 at 20:07 GMT.  All
figures in US dollars  unless otherwise stated