Clearfield Inc expected to post a loss of 19 cents a share - Earnings Preview

Clearfield

06/11/2024 05:08

* Clearfield Inc  CLFD.OQ   CLFD.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 Plymouth Minnesota-based  company is expected to
report a
15.6% decrease in revenue to $41.95 million from $49.69 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on August 1 2024, for
the period ended September 30, was for revenue between $40.00
million and $43.00 million.
    * ​LSEG's mean analyst estimate for Clearfield Inc is for a
loss
of 19 cents per share. The company's EPS guidance on August 1
2024, for the period ended September 30, was between $-0.22 and
$-0.17 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 Clearfield
Inc is
$46.00​, above​ its last closing price of $36.27. ​​​

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  -0.34       -0.34      -0.04     Beat    88.4
 Mar. 31 2024  -0.52       -0.52      -0.40     Beat    23.4
 Dec. 31 2023  -0.42       -0.42      -0.35     Beat    15.9​
 Jan. 1 0001   0.09        0.10       0.17      Beat    73.5
 ​​Jun.        0.09        0.09       0.33      Beat    258.7
 30 2023                                                
 Mar. 31 2023  0.57        0.65       0.67      Beat    3.1​
 Dec. 31 2022  0.96        0.96       1.00      Beat    3.9
 Sep. 30 2022  0.86        0.86       1.22      Beat    41.4
 This summary was machine generated November 6 at 05:08 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)