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

Carecloud

04/05/2023 19:06

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 30
cents per share.
    * Revenue fell 15.1% to $30.00 million from a year ago;
analysts
expected $30.89 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.6%
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 8.1% this quarter and
gained 9.6% so far this year.
    * The company reported a quarterly loss of $4.33 million.
    * Wall Street's median 12-month price target for CareCloud
Inc is
$8.75 
    * 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 from LSEG Refinitiv data May
4 at 06:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.18          -0.07          Beat