Analysts expect decreased profit for
The consensus estimate has dipped over the past three months from $1.62. Analysts are projecting earnings of $5.94 per share for the fiscal year. Revenue is expected to be $739.1 million for the quarter, 2% higher than the year-earlier total of $722.9 million. For the year, revenue is expected to come in at $3.03 billion.
The company has seen improved revenue in the last two quarters. In the most recent quarter, revenue rose 5% year-over-year to $759.9 million. The quarter before that, it rose 1%.
C.R's loss in the last quarter came after two previous quarters of profit.
Earnings estimates provided by Zacks.
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