Clearfield (CLFD) Reports Q4 Loss, Tops Revenue Estimates

Earnings Performance - Clearfield reported a quarterly loss of $0 06 per share, beating the Zacks Consensus Estimate of a loss of$ 0 19, representing an earnings surprise of 68 42% [1] - The company's revenue for the quarter ended September 2024 was $46 77 million, surpassing the Zacks Consensus Estimate by 11 63% [2] - Over the last four quarters, Clearfield has surpassed consensus EPS estimates four times and revenue estimates four times [2] Stock Performance and Market Comparison - Clearfield shares have gained approximately 24 7% since the beginning of the year, slightly outperforming the S&P 500's gain of 24 3% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate for the coming quarter is -$ 0 26 on $37 25 million in revenues, and -$ 0 03 on $189 1 million in revenues for the current fiscal year [7] - The estimate revisions trend for Clearfield is mixed, translating into a Zacks Rank 3 (Hold), indicating the shares are expected to perform in line with the market [6] Industry Context - Clearfield belongs to the Zacks Wireless Equipment industry, which is currently in the bottom 37% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Okta, another company in the Zacks Computer and Technology sector, is expected to report quarterly earnings of$ 0 57 per share, representing a year-over-year change of +29 6% [9] - Okta's revenues are expected to be $649 4 million, up 11 2% from the year-ago quarter [10]