Clearfield Sees Q1 2024 EPS $(0.36)-$(0.44) Vs $0.08 Est.; Revenue $28M-$32M Vs $48.13M Est.
Portfolio Pulse from Benzinga Newsdesk
Clearfield Inc. has projected its Q1 2024 earnings per share (EPS) to be between $(0.36) and $(0.44), which is significantly lower than the estimated $0.08. The company also expects its revenue to be between $28M and $32M, falling short of the estimated $48.13M. These projections do not account for any share repurchases that may occur during the quarter.
November 09, 2023 | 9:45 pm
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NEGATIVE IMPACT
Clearfield's projected Q1 2024 EPS and revenue are significantly lower than estimates. This could negatively impact the company's stock price in the short term.
Clearfield's projected earnings and revenue for Q1 2024 are significantly lower than estimates. This negative outlook could lead to a decrease in investor confidence, potentially causing the company's stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100