Clearfield Inc expected to post a loss of 42 cents a share - Earnings Preview

Clearfield

30/01/2024 21:33

* Clearfield Inc  CLFD.OQ   CLFD.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 1 for the
period ending December 31 2023
    * The Plymouth Minnesota-based  company is expected to
report a
65.2% decrease in revenue to $29.88 million from $85.94 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on November 9 2023,
for the period ended December 31, was for revenue between $28.00
million and $32.00 million.
    * ​LSEG's mean analyst estimate for Clearfield Inc is for a
loss
of 42 cents per share. The company's EPS guidance on November 9
2023, for the period ended December 31, was between $-0.44 and
$-0.36 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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
$33.00​, above​ its last closing price of $27.03. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.09        0.10       0.17      Beat    73.5
 Jun. 30 2023  0.09        0.09       0.33      Beat    258.7
 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.        0.86        0.86       1.22      Beat    41.4
 30 2022                                                
 Jun. 30 2022  0.66        0.66       0.92      Beat    40​
 Mar. 31 2022  0.51        0.50       0.66      Beat    31.1
 Dec. 31 2021  0.44        0.44       0.75      Beat    70.6
 This summary was machine generated January 30 at 21:33 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)