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

Clarus

02/08/2024 04:49

* Clarus Corp  CLAR.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of five analysts for the quarter
was for breakeven results per share. Wall Street expected
results to range from -1 cents to 1 cents per share.
    * Revenue fell 32.5% to $56.48 million from a year ago;
analysts
expected $58.54 million. 
    * Clarus Corp's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $5.49 million.
    * Clarus Corp shares had fallen by 10.3% this quarter and
lost 12.4% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$7.25 
This summary was machine generated from LSEG data August 2 at
03:49 a.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
 Jun. 30 2024      0.00           -0.03          Missed
 Mar. 31 2024      -0.01          0.00           Beat
 Dec. 31 2023      0.09           -0.07          Missed
 Sep. 30 2023      0.28           0.16           Missed