Clearfield Inc expected to post a loss of 34 cents a share - Earnings Preview

Clearfield

31/07/2024 03:06

* Clearfield Inc  CLFD.OQ   CLFD.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Plymouth Minnesota-based  company is expected to
report a
31.3% decrease in revenue to $42.125 million from $61.28 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue between $40.00 million and
$44.00 million.
    * ​LSEG's mean analyst estimate for Clearfield Inc is for a
loss
of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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
$41.00​, below​ its last closing price of $42.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.52       -0.52      -0.40     Beat    
 Jan. 1 2024   -0.42       -0.42      -0.35     Beat    
 Sep. 30 2023  0.09        0.10       0.17      Beat    73.5​
 Jun. 30 2023  0.57        0.09       0.33      Beat    258.7
 ​​Jan.        0.57        0.65       0.67      Beat    3.1
 1 0001                                                 
 Jan. 1 0001   0.96        0.96       1.00      Beat    ​
 Jan. 1 0001   0.86                   1.22              41.4
 Jun. 30 2022  0.66                   0.92              40
 This summary was machine generated July 31 at 02:06 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)