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

Clarus

02/05/2024 23:22

* Clarus Corp  CLAR.OQ  reported quarterly breakeven
results​​ per
share for the quarter ended in March, lower than the same
quarter last year, when the company reported EPS of 18 cents. 
The mean expectation of five analysts for the quarter was for a
loss of one cent per share. Wall Street expected results to
range from -11 cents to 9 cents per share.
    * Revenue fell 28.8% to $69.31 million from a year ago;
analysts
expected $64.33 million. 
    * Clarus Corp's reported EPS for the quarter was 57 cents​.
    * The company reported quarterly net income of $21.88
million.
    * Clarus Corp shares had fallen by 5.9% this quarter and
lost 7.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 110.8% in the last three months.​ 
    * 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 May 2 at 10:22
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
 Mar. 31 2024      -0.01          0.00           Beat
 Dec. 31 2023      0.09           -0.07          Missed
 Sep. 30 2023      0.28           0.16           Missed
 Jun. 30 2023      0.13           0.11           Missed