Clearfield Inc reports results for the quarter ended December 31 - Earnings Summary

• Clearfield Inc CLFD.OQ reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -35 cents. The mean expectation of four analysts for the quarter was for a loss of 31 cents per share. Wall Street expected results to range from -32 cents to -29 cents per share.

• Revenue rose 3.6% to $35.48 million from a year ago; analysts expected $35.78 million.

• Clearfield Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $1.91 million.

• Clearfield Inc shares had risen by 19.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.9% 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 $45.00

This summary was machine generated from LSEG data February 6 at 10:00 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)