Clearfield Inc reports results for the quarter ended in December - Earnings Summary

Clearfield

01/02/2024 22:01

* Clearfield Inc  CLFD.OQ  reported a quarterly adjusted
loss
of 35 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.00.  The mean expectation of five analysts for the quarter
was for a loss of 42 cents per share. Wall Street expected
results to range from -53 cents to -35 cents per share.
    * Revenue fell 60.2% to $34.23 million from a year ago;
analysts
expected $29.88 million. 
    * Clearfield Inc's reported EPS for the quarter was a loss
of 35
cents​.
    * The company reported a quarterly loss of $5.27 million.
    * Clearfield Inc shares had fallen by 13.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 633.3% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Clearfield
Inc is
$33.00 

This summary was machine generated from LSEG data February 1 at
10:01 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
 Dec. 31 2023      -0.42          -0.35          Beat
 Sep. 30 2023      0.10           0.17           Beat
 Jun. 30 2023      0.09           0.33           Beat
 Mar. 31 2023      0.65           0.67           Beat