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

Clearfield

02/05/2024 22:01

* Clearfield Inc  CLFD.OQ  reported a quarterly adjusted
loss
of 40 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of four analysts for the
quarter was for a loss of 52 cents per share. Wall Street
expected results to range from -54 cents to -51 cents per share.
    * Revenue fell 48.6% to $36.91 million from a year ago;
analysts
expected $31.25 million. 
    * Clearfield Inc's reported EPS for the quarter was a loss
of 40
cents​.
    * The company reported a quarterly loss of $5.91 million.
    * Clearfield Inc shares had risen by 0.3% this quarter and
gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.1%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Clearfield
Inc is
$31.00 

This summary was machine generated from LSEG data May 2 at 09:01
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
 Mar. 31 2024      -0.52          -0.40          Beat
 Dec. 31 2023      -0.42          -0.35          Beat
 Sep. 30 2023      0.10           0.17           Beat
 Jun. 30 2023      0.09           0.33           Beat