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Clarivate (CLVT)
NYSE:CLVT
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.23Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -24.43%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted ongoing challenges, including revenue decline and significant net loss, while also introducing a strategic Value Creation Plan to address these issues. However, the lowlights, such as organic revenue decline and lower subscription growth, outweigh the positives.Company Guidance
During the Clarivate Third Quarter 2024 Earnings Conference Call, the executives outlined several strategic initiatives to address the company's disappointing financial performance. Matti Shem Tov, CEO, emphasized the need to optimize the business model by focusing on core subscription and recurring revenue, with an aim to rationalize declining transactional product lines that offer low profit margins. The company reported a Q3 revenue of $622 million, a decrease of $25 million compared to the prior year, and a net loss of $66 million. The adjusted diluted EPS was $0.19, down by $0.02 from the previous year. Operating cash flow for the quarter was $203 million, with a year-to-date total of over $0.5 billion. The executives also discussed plans to enhance sales execution, improve customer engagement, and accelerate product innovation, particularly through leveraging AI, to drive future growth and improve financial outcomes.Improvement in Operating Cash Flow
Operating cash flow was $203 million in the quarter, an increase of $40 million over the third quarter last year.
Strategic Realignment and Value Creation Plan
The company is focusing on a Value Creation Plan, which includes optimizing the business model, improving sales execution, accelerating product innovation, and rationalizing the portfolio.
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CLVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $6.59 | $4.80 | -27.16% |
| Aug 06, 2024 | $6.15 | $5.40 | -12.20% |
| May 08, 2024 | $6.95 | $6.16 | -11.37% |
| Feb 27, 2024 | $8.94 | $7.38 | -17.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clarivate (CLVT) report earnings?
Clarivate (CLVT) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Clarivate (CLVT) earnings time?
Clarivate (CLVT) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLVT EPS forecast?
CLVT EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
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