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

• Clearfield Inc CLFD.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -40 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 -19 cents to -18 cents per share.

• Revenue rose 27.8% to $47.17 million from a year ago; analysts expected $38.53 million.

• Clearfield Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $1.33 million.

• Clearfield Inc shares had risen by 4.9% this quarter and gained 0.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 15.7% 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 May 8 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)