Earnings Preview For Clearfield
Portfolio Pulse from Benzinga Insights
Clearfield (NASDAQ:CLFD) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts predicting an EPS of $-0.43. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Clearfield's stock price has been sensitive to earnings performance and guidance. Last quarter, CLFD beat the EPS estimate by $0.07, resulting in a 1.66% stock price increase the following day. However, the stock has declined 64.39% over the last 52 weeks, indicating overall negative sentiment among long-term shareholders.
January 31, 2024 | 9:01 pm
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Clearfield is anticipated to report an EPS of $-0.43 for the latest quarter. Investors will focus on the earnings beat and forward guidance. The stock has seen significant volatility post-earnings in the past, with a 1.66% increase after beating estimates last quarter but has experienced a 64.39% decline over the past year.
The short-term impact on CLFD's stock price will likely depend on whether the company beats the EPS estimate and provides positive guidance. Historical data shows that the stock is sensitive to earnings results and guidance, with significant price movements following the earnings reports. However, the long-term downward trend suggests a bearish sentiment that may temper any positive short-term reactions.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100