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

• CareCloud Inc CCLD.OQ reported quarterly breakeven results​​ 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 five analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -17 cents to 2 cents per share.

• Revenue fell 0.6% to $28.24 million from a year ago; analysts expected $27.99 million.

• CareCloud Inc's reported EPS for the quarter was breakeven results​.

• The company reported quarterly net income of $10 thousand.

• CareCloud Inc shares had fallen by 56.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.2% 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 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for CareCloud Inc is $5.20

This summary was machine generated from LSEG data March 13 at 01:31 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)