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

Carecloud

09/05/2022 14:31

* CareCloud Inc  MTBC.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 27
cents per share.
    * Revenue rose 18.7% to $35.34 million from a year ago; 
analysts
expected $33.80 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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 fallen by 24.3% this quarter and
lost 38.3% so far this year.
    * The company reported a quarterly loss of $2.9 million.
    * Wall Street's median 12-month price target for CareCloud
Inc is
$13.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 9 at 01:30 p.m.  ​All
figures in US dollars unless otherwise stated