Clearfield Q3 profit beats expectations, raises fiscal revenue guidance
Overview
Clearfield fiscal Q3 net sales rise 2% to $49.9 mln, beating expectations, per LSEG data
Net income per share of $0.11 beats analyst estimates
Co raises full-year fiscal 2025 revenue guidance to $180-184 mln
Outlook
Clearfield raises fiscal 2025 revenue guidance to $180 mln-$184 mln
Company expects Q4 net sales between $47 mln and $51 mln
Clearfield forecasts Q4 net income per share of $0.03-$0.11
Company says tariffs unlikely to materially impact results
Result Drivers
CUSTOMER DEMAND - Strong demand in Large Regional Service Provider and MSO markets drove net sales growth, per CEO Cheri Beranek
OVERHEAD ABSORPTION - Improved overhead absorption and recoveries of excess inventory supported top and bottom-line performance, per CFO Dan Herzog
GROSS MARGIN INCREASE - Higher volumes and cost reduction initiatives led to increased gross margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $49.90 mln | $47.60 mln (4 Analysts) |
Q3 EPS | Beat | $0.11 | $0.05 (4 Analysts) |
Q3 Net Income | Beat | $1.60 mln | $704,000 (4 Analysts) |
Q3 Income from Operations | Beat | $1.50 mln | -$1.32 mln (4 Analysts) |
Q3 Gross Profit |
| $15.20 mln |
|
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Clearfield Inc is $45.00, about 2.4% above its August 5 closing price of $43.94
Press Release: ID:nGNX906KPl
