CareCloud Inc expected to post a loss of 3 cents a share - Earnings Preview

Carecloud

09/08/2024 19:18

* CareCloud Inc  CCLD.OQ   CCLD.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 13 for the
period ending June 30 2024
    * The Somerset New Jersey-based  company is expected to
report a
4.3% decrease in revenue to $28.097 million from $29.36 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 3 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
$4.50​, above​ its last closing price of $2.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.27       -0.29      -0.02     Beat    93.1
 Dec. 31 2024  -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
 ​​Mar.        -0.29       -0.30      -0.28     Beat    5.6
 31 2023                                                
 Dec. 31 2022  -0.22       -0.22      -0.22     Met     1.7​
 Sep. 30 2022  -0.18       -0.18      -0.18     Met     2.7
 Jun. 30 2022  -0.17       -0.18      -0.07     Beat    61.1
 This summary was machine generated August 9 at 18:18 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)