Clearfield Inc reports results for the quarter ended in September 30 - Earnings Summary

Clearfield

08/11/2024 05:15

* Clearfield Inc  CLFD.OQ  reported a quarterly adjusted
loss of 6
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 17
cents.  The mean expectation of four analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -20 cents to -18 cents per share.
    * Revenue fell 5.9% to $46.77 million from a year ago;
analysts
expected $41.95 million. 
    * Clearfield Inc shares had fallen by 5.5% this quarter and
gained 26.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Clearfield Inc is
46.00 
This summary was machine generated from LSEG data November 8 at
05:15 a.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
 Sep. 30 2024      -0.19          -0.06          Beat
 Jun. 30 2024      -0.34          -0.04          Beat
 Mar. 31 2024      -0.52          -0.40          Beat
 Dec. 31 2023      -0.42          -0.35          Beat