Clarus Corp reports results for the quarter ended in December - Earnings Summary

Clarus

08/03/2024 17:03

* Clarus Corp  CLAR.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 20
cents.  The mean expectation of five analysts for the quarter
was for earnings of 9 cents per share. 
    * Revenue fell 26.6% to $76.50 million from a year ago;
analysts
expected $83.71 million. 
    * Clarus Corp's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $8.39 million.
    * Clarus Corp shares had fallen by 23.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Clarus Corp is
$6.75 
This summary was machine generated from LSEG data March 8 at
05:02 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.09           -0.07          Missed
 Sep. 30 2023      0.28           0.16           Missed
 Jun. 30 2023      0.13           0.11           Missed
 Mar. 31 2023      0.20           0.18           Missed