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

Carecloud

03/08/2023 14:35

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 37
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 27 cents per share.
    * Revenue fell 21.1% to $29.36 million from a year ago;
analysts
expected $31.32 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * CareCloud Inc shares had risen by 9.8% this quarter and
gained 15.3% so far this year.
    * The company reported a quarterly loss of $5.74 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 LSEG Refinitiv data
August 3 at 01:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.27          -0.37          Missed
 Mar. 31 2023      -0.30          -0.28          Beat
 Dec. 31 2022      -0.22          -0.22          Met
 Sep. 30 2022      -0.18          -0.18          Met