Clearfield Inc (NASDAQ: CLFD) has reported a loss for its second fiscal quarter (ending March 31) of $-0.40 versus $0.67 for the same period a year ago — a decline of -160%. This result fell short of the consensus estimate of $0.37 by $-0.77. For the latest four quarters through March 31, E.P.S. were $-0.25 versus $3.83 for the same period a year ago — a decline of -107%.
Recent Price Action
On 5/2/24, Clearfield Inc (NASDAQ: CLFD) stock enjoyed a large increase of 3.1%, closing at $31.91. Moreover, trading volume in this advance was unusually high at 156% of normal. The stock has risen 7.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CLFD is expected to be a modest Value Eraser.
Clearfield has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Clearfield has a neutral Appreciation Score of 41 but a poor Power Rating of 20, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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