Clearsign Technologies Corp reports results for the quarter ended March 31 - Earnings Summary

• Clearsign Technologies Corp CLIR.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended March 31. The lone analyst forecast for the quarter was for a loss of 3 cents per share.

• Revenue fell 63.6% to $401.00 thousand from a year ago; analysts expected $574.00 thousand.

• The company reported a quarterly loss of $2.08 million.

• Clearsign Technologies Corp shares had fallen by 5.4% this quarter and lost 50.7% so far this year.

FORECAST CHANGES

• 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Clearsign Technologies Corp is $2.00

This summary was machine generated from LSEG data May 21 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)