CalAmp Corp reports results for the quarter ended in August - Earnings Summary

CalAmp

22/09/2022 22:02

* CalAmp Corp  CAMP.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in August. The mean
expectation of six analysts for the quarter was for a loss of 3
cents per share.
    * Revenue fell 7.8% to $72.83 million from a year ago;
analysts
expected $69.27 million. 
    * CalAmp Corp's reported EPS for the quarter was a loss
of 21
cents​.
    * The mean earnings estimate of analysts had fallen by
about 383.3% in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * CalAmp Corp shares had risen by 18.9% this quarter and
lost 29.7% so far this year.
    * The company reported a quarterly loss of $7.49 million.
    * Wall Street's median 12-month price target for CalAmp Corp
is
$10.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data September
22 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2022      -0.03          -0.02          Beat
 May. 31 2022      -0.03          -0.10          Missed
 Feb. 28 2022      -0.08          -0.01          Beat
 Nov. 30 2021      0.08           -0.08          Missed