CareCloud Inc expected to post a loss of 34 cents a share - Earnings Preview

Carecloud

27/02/2024 14:10

* CareCloud Inc  CCLD.OQ   CCLD.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 29
(estimated) for the period ending December 31 2023
    * The Somerset New Jersey-based  company is expected to
report a
5.1% decrease in revenue to $30.877 million from $32.53 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL/Revenue Majority basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for CareCloud Inc is for a
loss
of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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
$3.50​, above​ its last closing price of $1.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.33       -0.33      -0.42     Missed  -26.4
 Jun. 30 2023  -0.27       -0.27      -0.37     Missed  -35
 Mar. 31 2023  -0.29       -0.30      -0.28     Beat    5.6​
 Dec. 31 2022  -0.22       -0.22      -0.22     Met     1.7
 ​​Sep.        -0.18       -0.18      -0.18     Met     2.7
 30 2022                                                
 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. 31 2021  -0.22       -0.17      -0.01     Beat    94.1
 This summary was machine generated February 27 at 14:09 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)