Clearfield, Inc. (NASDAQ:CLFD) is reporting fourth quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.18 per share.
For the full year, analysts predict revenues of $ 91.78 million, while looking forward to income of $ 0.49 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 92.00 million ~ $ 95.00 million
Click Here For More Historical Outlooks Of Clearfield, Inc.
Previous Quarter Performance
Clearfield, Inc. outlined income for the third quarter of $ 0.22 per share, from the revenue of $ 25.97 million. The quarterly earnings gained 120.00 percent compared with the same quarter last year. The consensus estimates are income of $ 0.07 per share from $ 22.10 million in revenue. The bottom line results beat street analysts by $ 0.15 or 214.29 percent, at the same time, top line results outshined analysts by $ 3.87 million or 17.51 percent.
Stock Performance
Shares of Clearfield, Inc. traded up $ 1.25 or 6.05 percent on Tuesday, reaching $ 21.91 with volume of 89.00 thousand shares. Clearfield, Inc. has traded high as $ 21.92 and has cracked $ 20.86 on the downward trend
According to the previous trading day, closing price of $ 21.91, representing a 148.32 % increase from the 52 week low of $ 8.32 and a 13.77 % decrease over the 52 week high of $ 23.96.
The company has a market capital of $ 299.01 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Clearfield, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.seeclearfield.com
Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.
