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

Carecloud

21/03/2024 13:32

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 35
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of four analysts for the quarter
was for a loss of 34 cents per share. Wall Street expected
results to range from -40 cents to -29 cents per share.
    * Revenue fell 12.7% to $28.42 million from a year ago;
analysts
expected $30.88 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss of
$3.00​.
    * The company reported a quarterly loss of $43.69 million.
    * CareCloud Inc shares had fallen by 21.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for CareCloud Inc is
$3.50 
This summary was machine generated from LSEG data March 21 at
01:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.34          -0.35          Missed
 Sep. 30 2023      -0.33          -0.42          Missed
 Jun. 30 2023      -0.27          -0.37          Missed
 Mar. 31 2023      -0.30          -0.28          Beat