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Clearfield (CLFD) Gains As Market Dips: What You Should Know
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Clearfield (CLFD - Free Report) closed the most recent trading day at $46.02, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%.
Heading into today, shares of the maker of fiber optic management products had gained 18.63% over the past month, outpacing the Computer and Technology sector's gain of 7.46% and the S&P 500's gain of 5.01% in that time.
Clearfield will be looking to display strength as it nears its next earnings release. In that report, analysts expect Clearfield to post earnings of $0.09 per share. This would mark a year-over-year decline of 90.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $54.35 million, down 23.72% from the year-ago period.
CLFD's full-year Zacks Consensus Estimates are calling for earnings of $1.81 per share and revenue of $267.1 million. These results would represent year-over-year changes of -49.01% and -1.4%, respectively.
Investors should also note any recent changes to analyst estimates for Clearfield. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Clearfield is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Clearfield is currently trading at a Forward P/E ratio of 25.33. For comparison, its industry has an average Forward P/E of 13.74, which means Clearfield is trading at a premium to the group.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Clearfield (CLFD) Gains As Market Dips: What You Should Know
Clearfield (CLFD - Free Report) closed the most recent trading day at $46.02, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%.
Heading into today, shares of the maker of fiber optic management products had gained 18.63% over the past month, outpacing the Computer and Technology sector's gain of 7.46% and the S&P 500's gain of 5.01% in that time.
Clearfield will be looking to display strength as it nears its next earnings release. In that report, analysts expect Clearfield to post earnings of $0.09 per share. This would mark a year-over-year decline of 90.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $54.35 million, down 23.72% from the year-ago period.
CLFD's full-year Zacks Consensus Estimates are calling for earnings of $1.81 per share and revenue of $267.1 million. These results would represent year-over-year changes of -49.01% and -1.4%, respectively.
Investors should also note any recent changes to analyst estimates for Clearfield. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Clearfield is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Clearfield is currently trading at a Forward P/E ratio of 25.33. For comparison, its industry has an average Forward P/E of 13.74, which means Clearfield is trading at a premium to the group.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.