We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Clearfield (CLFD) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Clearfield (CLFD - Free Report) closed the most recent trading day at $66.44, moving -0.61% from the previous trading session. This change lagged the S&P 500's daily gain of 1.13%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.87%.
Coming into today, shares of the maker of fiber optic management products had gained 8.08% in the past month. In that same time, the Computer and Technology sector gained 1.42%, while the S&P 500 gained 2.65%.
Wall Street will be looking for positivity from Clearfield as it approaches its next earnings report date. The company is expected to report EPS of $0.57, up 111.11% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $47 million, up 58.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.23 per share and revenue of $185.9 million. These totals would mark changes of +51.7% and +32.07%, respectively, from last year.
Any recent changes to analyst estimates for Clearfield should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Clearfield has a Forward P/E ratio of 29.98 right now. For comparison, its industry has an average Forward P/E of 23.53, which means Clearfield is trading at a premium to the group.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Clearfield (CLFD) Stock Sinks As Market Gains: What You Should Know
Clearfield (CLFD - Free Report) closed the most recent trading day at $66.44, moving -0.61% from the previous trading session. This change lagged the S&P 500's daily gain of 1.13%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.87%.
Coming into today, shares of the maker of fiber optic management products had gained 8.08% in the past month. In that same time, the Computer and Technology sector gained 1.42%, while the S&P 500 gained 2.65%.
Wall Street will be looking for positivity from Clearfield as it approaches its next earnings report date. The company is expected to report EPS of $0.57, up 111.11% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $47 million, up 58.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.23 per share and revenue of $185.9 million. These totals would mark changes of +51.7% and +32.07%, respectively, from last year.
Any recent changes to analyst estimates for Clearfield should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Clearfield has a Forward P/E ratio of 29.98 right now. For comparison, its industry has an average Forward P/E of 23.53, which means Clearfield is trading at a premium to the group.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.