Earnings Preview: Clearfield

On Wednesday, November 04, Clearfield CLFD will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts covering Clearfield modeled for quarterly EPS of $0.18 on revenue of $26.00 million. In the same quarter last year, Clearfield announced EPS of $0.14 on revenue of $23.97 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to post earnings in line with the consensus estimate when it reports Wednesday, EPS would be up 28.57%. Revenue would be have grown 8.48% from the same quarter last year. Clearfield's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 0.07 0.03 0.05 0.10
EPS Actual 0.22 0.05 0.04 0.14
Revenue Estimate 22.10 M 21.50 M 21.37 M 23.73 M
Revenue Actual 25.97 M 20.41 M 19.38 M 23.97 M

Stock Performance

Over the last 52-week period, shares of Clearfield are up 76.48%.

Do not be surprised to see the stock move on comments made during its conference call. Clearfield is scheduled to hold the call at 17:00:00 ET and can be accessed here.

Posted In: Earnings

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