Casa Systems Inc reports results for the quarter ended in December - Earnings Summary

Casa Systems

14/03/2023 21:01

* Casa Systems Inc  CASA.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of 6 cents per share.
    * Revenue fell 19.7% to $84.40 million from a year ago;
analysts
expected $83.05 million. 
    * Casa Systems Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had risen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Casa Systems Inc shares had risen by 33.3% this quarter.
    * The company reported quarterly net income of $1.24
million.
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $3.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 14 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.06          0.05           Beat
 Sep. 30 2022      -0.03          -0.29          Missed
 Jun. 30 2022      -0.12          -0.15          Missed
 Mar. 31 2022      0.00           -0.35          Missed