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

CalAmp

10/07/2023 22:01

* CalAmp Corp  CAMP.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in May. The mean
expectation of four analysts for the quarter was for earnings of
4 cents per share.
    * Revenue rose 9.5% to $70.89 million from a year ago;
analysts
expected $75.66 million. 
    * CalAmp Corp's reported EPS for the quarter was a loss
of 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 30.7%
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 fallen by 4.7% this quarter and
lost 77.5% so far this year.
    * The company reported a quarterly loss of $4.03 million.
    * Wall Street's median 12-month price target for CalAmp Corp
is
$3.38 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
10 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.04           0.01           Missed
 Feb. 28 2023      0.02           0.06           Beat
 Nov. 30 2022      0.00           0.00           Met
 Aug. 31 2022      -0.03          -0.02          Beat