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

Carecloud

02/11/2023 13:32

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 42
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of five analysts for the quarter
was for a loss of 33 cents per share. Wall Street expected
results to range from -41 cents to -28 cents per share.
    * Revenue fell 13.2% to $29.28 million from a year ago;
analysts
expected $30.42 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 42
cents​.
    * The company reported a quarterly loss of $6.67 million.
    * CareCloud Inc shares had fallen by 20.4% this quarter and
lost 67.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.8%
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 5 "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
$4.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.22          -0.22          Met