Clarus Corp expected to post earnings of 7 cents a share - Earnings Preview

Clarus

06/11/2024 04:49

* Clarus Corp  CLAR.OQ   CLAR.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The Salt Lake City Utah-based  company is expected to
report a
27.0% decrease in revenue to $73.008 million from $100.08
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 1
2024, for the period ended September 30, was for revenue between
$70.00 million and $75.00 million.
    * ​LSEG's mean analyst estimate for Clarus Corp is for
earnings of
7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 Clarus Corp
is
$6.50​, above​ its last closing price of $4.65. ​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD70 million and USD4
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.00        0.00       -0.03     Missed  -500
 Mar. 31 2024  -0.02       -0.04      0.00      Beat    100
 Jan. 1 0001   0.09        0.09       -0.07     Missed  -177.8
                                                        ​
 Sep. 30 2023  0.28        0.28       0.16      Missed  -42.9
 ​​Jan.        0.10        0.13       0.11      Missed  -15.4
 1 0001                                                 
 Mar. 31 2023  0.20        0.19       0.18      Missed  -5.3​
 Dec. 31 2022  0.23        0.22       0.20      Missed  -10.3
 Jan. 1 0001   0.42        0.40       0.26      Missed  -35.7
 This summary was machine generated November 6 at 04:49 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)