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Clarus Corporation (CLAR) Reports Q1 Loss, Tops Revenue Estimates
ZACKSยท 2025-05-09 00:00
Core Insights - Clarus Corporation reported a quarterly loss of $0.02 per share, missing the Zacks Consensus Estimate of $0.01, compared to break-even earnings per share a year ago, resulting in an earnings surprise of -300% [1] - The company posted revenues of $60.43 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 6.35%, but down from $69.31 million year-over-year [2] - Clarus shares have declined approximately 24.4% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] Earnings Outlook - The earnings outlook for Clarus is mixed, with the current consensus EPS estimate at $0.01 on revenues of $55.05 million for the upcoming quarter and $0.26 on revenues of $254.58 million for the current fiscal year [7] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Leisure and Recreation Products industry, to which Clarus belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8]