ClearSign Technologies Corp reports results for the quarter ended June 30 - Earnings Summary

• ClearSign Technologies Corp CLIR.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The lone analyst forecast for the quarter was for a loss of 4 cents per share.

• Revenue rose 195.6% to $133.00 thousand from a year ago; analysts expected $644.00 thousand.

• The company reported a quarterly loss of $1.68 million.

• ClearSign Technologies Corp shares had risen by 9.5% this quarter and lost 57.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 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, about 69.3% above its last closing price of $0.61

This summary was machine generated from LSEG data August 15 at 03:49 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)