Casa Systems Inc expected to post a loss of 6 cents a share - Earnings Preview

Casa Systems

25/02/2023 02:46

* Casa Systems Inc  CASA.OQ   CASA.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 27
(estimated). 
    * The Andover Massachusetts-based  company is expected to
report 
a 21.0% decrease in revenue to $83.05 million from $105.1
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on
January 31 2023, for the period ended December 31, was for
revenue between $83.00 million and $84.00 million.
    * ​Refinitiv's mean analyst estimate for Casa Systems Inc is
for a
loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $3.75​, above​ its last closing price of $3.52. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.03       -0.03      -0.29     Missed  -1,037
                                                        .3
 Jun. 30 2022  -0.12       -0.12      -0.15     Missed  -27.9
 Mar. 31 2022  0.00        0.00       -0.35     Missed  -17,40
                                                        0​
 Dec. 31 2021  0.05        0.05       0.07      Beat    32.7
 ​​Sep.        0.04        0.05       -0.05     Missed  -195.2
 30 2021                                                
 Jun. 30 2021  0.01        0.01       0.01      Met     -28.6​
 Mar. 31 2021  0.02        0.01       0.11      Beat    693.7
 Dec. 31 2020  0.10        0.11       0.27      Beat    148.7
 This summary was machine generated February 25 at 02:46 GMT. 
All figures in US dollars  unless otherwise stated