For the second quarter, the developer and marketer of wireless technology solutions is expecting earnings per diluted share to be 19 cents on revenue close to $59 million.
Analysts are expecting earnings of 22 cents per share on revenue of nearly $63 million, Motley Fool reports.
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However, on Tuesday after the close, CalAmp reported strong earnings for the fiscal 2015 first quarter of $2.7 million, or 7 cents per diluted share on a GAAP basis, compared to $1.7 million, or 5 cents per diluted share for the fiscal 2014 first quarter.
Adjusted non-GAAP earnings were $6.9 million, or 19 cents per diluted share versus $5.6 million, or 16 cents per diluted share for the year ago period.
Total revenue increased to $59 million for the fiscal 2015 first quarter, compared to $53.7 million for the fiscal 2014 first quarter.
Separately, TheStreet Ratings team rates CALAMP CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CALAMP CORP (CAMP) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."