2022-11-24 14:15:07

Clearfield, Inc. (CLFD) Hit a 52 Week High, Can the Run Continue?

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Nasdaq
By Zacks

Have you been paying attention to shares of Clearfield (CLFD)? Shares have been on the move with the stock up 8.1% over the past month. The stock hit a new 52-week high of $132.97 in the previous session. Clearfield has gained 53.4% since the start of the year compared to the -30.5% move for the Zacks Computer and Technology sector and the -25.4% return for the Zacks Wireless Equipment industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 17, 2022, Clearfield reported EPS of $1.22 versus consensus estimate of $0.8 while it beat the consensus revenue estimate by 37.13%.

For the current fiscal year, Clearfield is expected to post earnings of $4.95 per share on $386.5 million in revenues. This represents a 39.44% change in EPS on a 42.68% change in revenues.

Valuation Metrics

Clearfield may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

Continue read on nasdaq.com

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