NEW YORK (TheStreet) -- CalAmp Corp. (CAMP) is scheduled to release its fiscal 2016 first quarter earnings results after the market close on Tuesday afternoon. The wireless communications solutions provider is expected to post a year-over-year rise in earnings and revenue for the most recent quarter.
Analysts have forecast that CalAmp will report earnings of 26 cents per share on revenue of $65.39 million for the quarter ended May 2015.
Last year, CalAmp said it earned an adjusted 19 cents per diluted share on revenue of $59 million for the fiscal 2015 first quarter.
The company's year ago EPS and revenue figures had increased when compared to the fiscal 2014 first quarter.
Shares of CalAmp closed lower by 4.16% to $17.52 on Monday afternoon.
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 some important positives, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."