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

Casa Systems

05/05/2022 17:53

* Casa Systems Inc  CASA.OQ  reported a quarterly adjusted
loss
of 35 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for breakeven
results per share.
    * Revenue fell 38.2% to $64.40 million from a year ago; 
analysts
expected $88.01 million. 
    * Casa Systems Inc's reported EPS for the quarter was a loss
of 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 111.8% in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Casa Systems Inc shares had risen by 16.2% this
quarter and
lost 7.4% so far this year.
    * The company reported a quarterly loss of $32.58 million.
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $8.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 04:53 p.m.  ​All
figures in US dollars unless otherwise stated