Clarus Corp reports results for the quarter ended in January - Earnings Summary
Clarus Corp CLAR.OQ reported a quarterly adjusted loss of 3 cents per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of five analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents to 1 cents per share.
Revenue fell 32.5% to $56.48 million from a year ago; analysts expected $58.54 million.
Clarus Corp's reported EPS for the quarter was a loss of 14 cents.
The company reported a quarterly loss of $5.49 million.
Clarus Corp shares had fallen by 10.3% this quarter and lost 12.4% so far this year.
FORECAST CHANGES
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," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the recreational products peer group is also "buy"
Wall Street's median 12-month price target for Clarus Corp is $7.25
This summary was machine generated from LSEG data August 2 at 03:49 a.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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | 0.00 | -0.03 | Missed |
Mar. 31 2024 | -0.01 | 0.00 | Beat |
Dec. 31 2023 | 0.09 | -0.07 | Missed |
Sep. 30 2023 | 0.28 | 0.16 | Missed |
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