CareCloud (CCLD) Set to Announce Earnings on Tuesday

CareCloud (NASDAQ:CCLD) will announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CareCloud (NASDAQ:CCLD) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.10. CareCloud had a negative return on equity of 82.03% and a negative net margin of 40.28%. The company had revenue of $28.09 million during the quarter, compared to analyst estimates of $27.89 million. On average, analysts expect CareCloud to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CareCloud Stock Down 1.3 %

CCLD traded down $0.03 on Tuesday, hitting $2.35. 2,853 shares of the company were exchanged, compared to its average volume of 578,639. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $38.09 million, a price-to-earnings ratio of -0.66 and a beta of 1.37. The firm has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $2.29. CareCloud has a twelve month low of $0.68 and a twelve month high of $3.80.

Analyst Upgrades and Downgrades

Separately, Benchmark lifted their price target on shares of CareCloud from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, August 27th.

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.