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

Clearfield

03/08/2023 22:53

* Clearfield Inc  CLFD.OQ  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
9 cents per share.
    * Revenue fell 14% to $61.28 million from a year ago;
analysts
expected $53.72 million. 
    * Clearfield Inc's reported EPS for the quarter was 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 90.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Clearfield Inc shares had fallen by 2.2% this quarter and
lost 50.8% so far this year.
    * The company reported quarterly net income of $5.22
million.
    * Wall Street's median 12-month price target for Clearfield
Inc is
$52.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.09           0.33           Beat
 Mar. 31 2023      0.65           0.67           Beat
 Dec. 31 2022      0.96           1.00           Beat
 Sep. 30 2022      0.86           1.22           Beat