Published on 5 May 2022 on Zacks via Yahoo Finance
Casa Systems (CASA) Reports Q1 Loss, Lags Revenue Estimates
Casa Systems (CASA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -775%. A quarter ago, it was expected that this provider of digital cable video and broadband services would post earnings of $0.05 per share when it actually produced earnings of $0.07, delivering a surprise of 40%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.