CareCloud Inc expected to post a loss of 30 cents a share - Earnings Preview

Carecloud

02/05/2023 19:34

* CareCloud Inc  CCLD.OQ   CCLD.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 4. 
    * The Somerset New Jersey-based  company is expected to
report  a
12.6% decrease in revenue to $30.892 million from $35.34 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CareCloud Inc is
for a
loss of 30 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for CareCloud
Inc is
$8.75​, above​ its last closing price of $3.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  -0.23       -0.27      -0.19     Beat    30.1
 ​​Dec.        -0.22       -0.17      -0.01     Beat    94.1
 31 2021                                                
 Sep. 30 2021  -0.17       -0.17      -0.15     Beat    13.5​
 Jun. 30 2021  -0.28       -0.28      -0.27     Beat    2.1
 Mar. 31 2021  -0.40       -0.39      -0.36     Beat    8.5
 This summary was machine generated May 2 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated