CareCloud (CCLD) to Release Earnings on Tuesday

CareCloud (NASDAQ:CCLD) is set to issue its quarterly earnings data before the market opens on Tuesday, August 13th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. CareCloud has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

CareCloud (NASDAQ:CCLD) last announced its earnings results on Tuesday, May 14th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.30. The business had revenue of $25.96 million during the quarter, compared to the consensus estimate of $26.55 million. CareCloud had a negative net margin of 42.92% and a negative return on equity of 73.29%. During the same quarter in the previous year, the firm posted ($0.28) EPS. On average, analysts expect CareCloud to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CareCloud Stock Performance

CareCloud stock traded up $0.09 during trading hours on Tuesday, hitting $1.92. The company had a trading volume of 7,320 shares, compared to its average volume of 792,284. The firm has a 50-day moving average of $2.29 and a 200 day moving average of $1.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a market cap of $31.00 million, a PE ratio of -0.48 and a beta of 1.33. CareCloud has a one year low of $0.68 and a one year high of $3.80.

Wall Street Analyst Weigh In

Separately, Benchmark upped their price objective on CareCloud from $3.50 to $4.00 and gave the company a “buy” rating in a report on Thursday, May 16th.

About CareCloud

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.