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Cadre Holdings, Inc. (CDRE) Q3 Earnings Surpass Estimates
CDRECadre (CDRE) ZACKS·2024-11-07 00:15

Core Points - Cadre Holdings, Inc. reported quarterly earnings of 0.09pershare,exceedingtheZacksConsensusEstimateof0.09 per share, exceeding the Zacks Consensus Estimate of 0.07 per share, but down from 0.29pershareayearago,resultinginanearningssurpriseof28.570.29 per share a year ago, resulting in an earnings surprise of 28.57% [1] - The company posted revenues of 109.41 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 13.56% and down from 125.11millionyear−over−year[2]−Thestockhasgainedapproximately7.5125.11 million year-over-year [2] - The stock has gained approximately 7.5% since the beginning of the year, underperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.48 on revenues of 164.66million,andforthecurrentfiscalyear,itis164.66 million, and for the current fiscal year, it is 1.04 on revenues of 573.4million[7]−TheestimaterevisionstrendforCadreHoldings,Inc.ismixed,resultinginaZacksRank3(Hold),indicatingexpectedperformanceinlinewiththemarket[6]IndustryContext−TheSecurityandSafetyServicesindustry,towhichCadreHoldingsbelongs,iscurrentlyrankedinthebottom45573.4 million [7] - The estimate revisions trend for Cadre Holdings, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Security and Safety Services industry, to which Cadre Holdings belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Alarm.com Holdings, another company in the same industry, is expected to report quarterly earnings of 0.49 per share, reflecting a year-over-year decline of 12.5% [9]