CareCloud Inc reports results for the quarter ended in December - Earnings Summary

Carecloud

02/03/2023 14:36

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 22
cents​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue fell 13.2% to $32.53 million from a year ago;
analysts
expected $33.22 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * CareCloud Inc shares had risen by 28.1% this quarter.
    * The company reported a quarterly loss of $3.36 million.
    * Wall Street's median 12-month price target for CareCloud
Inc is
$9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 2
at 02:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.22          -0.22          Met
 Sep. 30 2022      -0.18          -0.18          Met
 Jun. 30 2022      -0.18          -0.07          Beat
 Mar. 31 2022      -0.27          -0.19          Beat