Clarivate PLC (CLVT) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Clarivate PLC (CLVT) reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, with an earnings surprise of 16.67% [1] - The company posted revenues of $593.7 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.56%, although this represents a decline from year-ago revenues of $621.2 million [2] - Clarivate shares have declined approximately 29.3% year-to-date, contrasting with the S&P 500's decline of 6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $590.95 million, and for the current fiscal year, it is $0.64 on revenues of $2.33 billion [7] - The estimate revisions trend for Clarivate is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Computers - IT Services industry, to which Clarivate belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Clarivate's stock performance [5]