CareCloud Inc reports results for the quarter ended September 30 - Earnings Summary

Carecloud

12/11/2024 15:37

* CareCloud Inc  CCLD.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -42 cents.  The mean expectation of four analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -15 cents to -12 cents per share.
    * Revenue fell 2.5% to $28.55 million from a year ago;
analysts
expected $28.52 million. 
    * CareCloud Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $667 thousand.
    * CareCloud Inc shares had fallen by 1.1% this quarter and
gained 71.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2,650% 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
5.10 
This summary was machine generated from LSEG data November 12 at
03:37 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
 Sep. 30 2024      -0.14          -0.04          Beat
 Jun. 30 2024      -0.03          -0.14          Missed
 Mar. 31 2024      -0.29          -0.02          Beat
 Dec. 31 2023      -0.34          -0.35          Missed