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

CalAmp

09/01/2024 22:57

* CalAmp Corp  CAMP.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in November, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of four analysts for
the quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -10 cents to 1 cents per share.
    * Revenue fell 32% to $53.63 million from a year ago;
analysts
expected $56.20 million. 
    * CalAmp Corp's reported EPS for the quarter was a loss of
$2.27​.
    * The company reported a quarterly loss of $85 million.
    * CalAmp Corp shares had risen by 4.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 211.1% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for CalAmp Corp
is
$0.88 

This summary was machine generated from LSEG data January 9 at
10:57 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2023      -0.03          -0.12          Missed
 Aug. 31 2023      0.03           -0.01          Missed
 May. 31 2023      0.04           0.01           Missed
 Feb. 28 2023      0.02           0.06           Beat