CalAmp Q1 EPS $(0.11) Misses $0.04 Estimate, Sales $70.90M Miss $75.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
CalAmp reported Q1 losses of $(0.11) per share, missing the analyst consensus estimate of $0.04 by 375 percent. This is a 10 percent decrease over losses from the same period last year. The company also reported quarterly sales of $70.90 million, missing the analyst consensus estimate of $75.66 million by 6.29 percent. However, this is a 9.54 percent increase over sales from the same period last year.
July 10, 2023 | 8:08 pm
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CalAmp's Q1 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
CalAmp's earnings per share and sales for Q1 both missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100