Clearfield(CLFD) ZACKS·2024-08-01 22:15Earnings Performance - Clearfield reported a quarterly loss of 0 34, representing an earnings surprise of 88 24% [1] - The company's revenue for the quarter ended June 2024 was 61 28 million [2] - Over the last four quarters, Clearfield has surpassed consensus EPS estimates four times and topped consensus revenue estimates four times [2] Stock Performance and Market Comparison - Clearfield shares have gained approximately 49 2% since the beginning of the year, outperforming the S&P 500's gain of 15 8% [3] - The company's stock performance is influenced by management's commentary on earnings calls and future earnings expectations [3] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate for the coming quarter is -43 85 million in revenues, and -157 05 million in revenues for the current fiscal year [7] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5] - The estimate revisions trend for Clearfield is mixed, translating into a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - Clearfield belongs to the Zacks Wireless Equipment industry, which is currently in the bottom 23% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Ubiquiti Inc, another company in the same industry, is expected to post quarterly earnings of 534 43 million, up 8 8% from the year-ago quarter [9]