Clearfield Inc reports results for the quarter ended September 30 - Earnings Summary

• Clearfield Inc reported quarterly breakeven results​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -65 cents. The mean expectation of four analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

• Revenue rose 123.7% to $39.34 million from a year ago; analysts expected $40.38 million.

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

• The company reported a quarterly loss of $73 thousand.

• Clearfield Inc shares had fallen by 1.9% this quarter and gained 4.8% 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 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 $39.00, about 21.7% above its last closing price of $30.55

This summary was machine generated from LSEG data November 10 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)