Earnings from CalAmp Corp. [CAMP] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Feb 2021.
CAMP Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.05 per share on revenue of $83.68M. Taking a look at the future, the company is projected to report revenue of $80.09M at an earnings per share of $0.05 for the May 2021 quarter. The estimates represent year-over-year improvements of -1.90% in revenue and 252.03% in earnings per share for the company.
CAMP Stock Earnings Forecast For The Current Year
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For the full financial year, CalAmp Corp. [NASDAQ:CAMP] is forecasted to generate revenue of $339.61M. The figure is about $-26.5 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.12 in 2021, which is -$0.32 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -72.70% this year, 258.30% next year, and 12.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -7.20% in current fiscal year and -1.90% over following year.
CAMP Stock Price Performance
At a recent check today, CalAmp Corp. [NASDAQ:CAMP] finished up 1.13% at $11.22. The stock’s day high price was $11.12, and its lowest was $10.71. Its price fall -5.54% in the last five days. Since the beginning of the year, CalAmp Corp.’s shares are up nearly 11.79%. However, the share price is -9.04% below its one year high. The top price reached by the shares of the company was $12.33 on 03/02/21, while the 52-week low came on 01/04/21, when the shares were $9.31. In the past year, shares of the company have risen 99.46%. At 50 days, the moving average achieved is $11.34 while at 200 days, the moving average is $9.47. There were 35115.0 shares traded in the last session, down from 0.15 million in the previous session.
CalAmp Corp. [NASDAQ:CAMP] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.14 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.55 for the industry, which means CAMP offers an attractive investment opportunity than its competitors do.
CAMP Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 11.25 level, and the violation of this level will cause a further drop to 10.83 level. At the upper end, 11.65 remains a key resistance. As the stock increases, it may find resistance at 11.38. In the 14-day chart, the Relative Strength Index standing at 48.74 suggests a technical neutral stance while the MACD standing at -0.38 indicates price will decrease in the next trading period. Stochastic %K at 24.66% suggests holding the stock while Percent R indicator at 65.29% suggests low price movement.
How much is the short interest in CalAmp Corp.?
There have been a drop in short interest in the CalAmp Corp. Financial stock, with short interest down by 80460.0 shares to 1.03 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.95 million shares. This 7.81% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 3.29% of the overall float in the stock, while the stock’s days to cover moved to 5.57.
How do analysts view CalAmp Corp.?
In regard to the share price forecast for CalAmp Corp. stock, the analysts, as surveyed by FactSet, forecast the price to reach $13.00 in the next twelve months, representing almost an 13.69% growth from its recent price of $11.22. Among CalAmp Corp. stock projections, $17.00 is the highest analyst target for the stock, while $10.00 is the lowest. Despite this, 7 analysts who share their consensus rating for CAMP in 2021 agree that the stock is an Overweight. The latest rating change took place on 3/18/21, when Canaccord Genuity Ratings launched coverage of the stock at “Buy” and assigned a price target of $14.0.