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

Casa Systems

09/08/2023 05:27

* Casa Systems Inc  CASA.OQ  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 11 cents per
share.
    * Revenue fell 18.1% to $58.00 million from a year ago;
analysts
expected $65.00 million. 
    * Casa Systems Inc's reported EPS for the quarter was a loss
of 53
cents​.
    * The mean earnings estimate of analysts had risen by
about 12% 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 fallen by 16.0% this
quarter and
lost 62.5% so far this year.
    * The company reported a quarterly loss of $51.14 million.
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $3.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 04:27 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.26          Missed
 Mar. 31 2023      -0.10          -0.26          Missed
 Dec. 31 2022      -0.06          0.05           Beat
 Sep. 30 2022      -0.03          -0.29          Missed