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

Casa Systems

10/05/2023 24:25

* Casa Systems Inc  CASA.OQ  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 10
cents per share.
    * Revenue fell 29.7% to $45.30 million from a year ago;
analysts
expected $66.70 million. 
    * Casa Systems Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The mean earnings estimate of analysts had risen by
about 12.3%
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 5.5% this
quarter and
lost 56.0% so far this year.
    * The company reported a quarterly loss of $31.66 million.
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $4.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 11:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.12          -0.15          Missed