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

Carecloud

13/08/2024 14:32

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -37
cents.  The mean expectation of four analysts for the quarter
was for a loss of 3 cents per share. Wall Street expected
results to range from -9 cents to -1 cents per share.
    * Revenue fell 4.3% to $28.09 million from a year ago;
analysts
expected $28.10 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $2.25 million.
    * CareCloud Inc shares had risen by 6.3% this quarter and
gained 34.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 81.2%
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 4 "strong buy" or "buy," no
"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
$4.50 
This summary was machine generated from LSEG data August 13 at
01:30 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
 Jun. 30 2024      -0.03          -0.14          Missed
 Mar. 31 2024                     -0.02          
 Dec. 31 2023      -0.34          -0.35          Missed
 Sep. 30 2023      -0.33          -0.42          Missed