CalAmp(NASDAQ:CAMP) stock fell by 3.5% on Friday after the company reported its Q2 earnings results on Thursday, September 23, 2021 at 04:09 PM.
Here's what investors need to know about the announcement.
Earnings
CalAmp beat their estimated earnings by 33.33%, which surprised analysts.
Revenue was up $4,526,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 11.73% drop in the share price the next day.
Here's a look at CalAmp's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 0.06 | 0.07 | 0.05 | 0.02 | 0 |
| EPS Actual | 0.08 | 0.08 | 0.14 | 0.07 | -0.03 |
| Price Change % | -3.5% | -11.73% | 21.92% | -10.19% | -7.1% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
CalAmp earnings and revenue guidance hasn't been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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