CareCloud Inc expected to post a loss of 29 cents a share - Earnings Preview

Carecloud

10/05/2024 14:56

* CareCloud Inc  CCLD.OQ   CCLD.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 14 for the
period ending March 31 2024
    * The Somerset New Jersey-based  company is expected to
report a
13.2% decrease in revenue to $26.048 million from $30 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CareCloud Inc is for a
loss
of 29 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "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 CareCloud
Inc is
$3.25​, above​ its last closing price of $1.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.32       -0.34      -0.35     Missed  -4
 Sep. 30 2023  -0.33       -0.33      -0.42     Missed  -26.4
 Jun. 30 2023  -0.27       -0.27      -0.37     Missed  -35​
 Jan. 1 0001   -0.29       -0.30      -0.28     Beat    5.6
 ​​Dec.        -0.22       -0.22      -0.22     Met     1.7
 31 2022                                                
 Sep. 30 2022  -0.18       -0.18      -0.18     Met     2.7​
 Jun. 30 2022  -0.17       -0.18      -0.07     Beat    61.1
 Mar. 31 2022  -0.23       -0.27      -0.19     Beat    30.1
 This summary was machine generated May 10 at 13:56 GMT.  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)