* CareCloud Inc reported a quarterly adjusted loss of 4 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -42 cents. The mean expectation of four analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -15 cents to -12 cents per share.
* Revenue fell 2.5% to $28.55 million from a year ago; analysts expected $28.52 million.
* CareCloud Inc's reported EPS for the quarter was a loss of 4 cents.
* The company reported a quarterly loss of $667 thousand.
* CareCloud Inc shares had fallen by 1.1% this quarter and gained 71.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 2,650% in the last three months.
* 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," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for CareCloud Inc is 5.10 This summary was machine generated from LSEG data November 12 at 03:37 p.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
Sep. 30 2024 -0.14 -0.04 Beat
Jun. 30 2024 -0.03 -0.14 Missed
Mar. 31 2024 -0.29 -0.02 Beat
Dec. 31 2023 -0.34 -0.35 Missed
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