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

Clearfield

04/05/2023 22:02

* Clearfield Inc  CLFD.OQ  reported quarterly adjusted
earnings of
67 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
65 cents per share.
    * Revenue rose 34.2% to $71.81 million from a year ago;
analysts
expected $71.98 million. 
    * Clearfield Inc's reported EPS for the quarter was 67
cents​.
    * The mean earnings estimate of analysts had fallen by
about 32.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Clearfield Inc shares had fallen by 8.7% this quarter and
lost 54.8% so far this year.
    * The company reported quarterly net income of $10.36
million.
    * Wall Street's median 12-month price target for Clearfield
Inc is
$90.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.65           0.67           Beat
 Dec. 31 2022      0.96           1.00           Beat
 Sep. 30 2022      0.86           1.22           Beat
 Jun. 30 2022      0.66           0.92           Beat