Clarivate (NYSE:CLVT – Get Free Report) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Clarivate has set its FY 2024 guidance at 0.700-0.800 EPS and its FY24 guidance at $0.70 to $0.80 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Clarivate (NYSE:CLVT – Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. The firm had revenue of $683.70 million during the quarter, compared to the consensus estimate of $687.80 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts expect Clarivate to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Clarivate Trading Up 2.9 %
Shares of Clarivate stock opened at $7.05 on Tuesday. Clarivate has a 12-month low of $6.07 and a 12-month high of $10.03. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $7.21 and its 200-day moving average is $7.88. The stock has a market cap of $4.71 billion, a P/E ratio of -4.76, a P/E/G ratio of 1.41 and a beta of 1.24.
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About Clarivate
Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.
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