Analysts Anticipate ClearSign Technologies Co. (NASDAQ:CLIR) to Post -$0.06 Earnings Per Share

Equities analysts predict that ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) will report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for ClearSign Technologies’ earnings. ClearSign Technologies posted earnings per share of ($0.07) during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that ClearSign Technologies will report full-year earnings of ($0.22) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.16) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover ClearSign Technologies.

Several equities analysts recently commented on CLIR shares. StockNews.com started coverage on ClearSign Technologies in a report on Monday, April 11th. They issued a “sell” rating on the stock. Zacks Investment Research lowered ClearSign Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 25th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLIR. Stifel Financial Corp boosted its stake in ClearSign Technologies by 25.2% in the fourth quarter. Stifel Financial Corp now owns 490,790 shares of the technology company’s stock valued at $677,000 after acquiring an additional 98,915 shares in the last quarter. Avidian Wealth Solutions LLC boosted its stake in shares of ClearSign Technologies by 30.3% during the third quarter. Avidian Wealth Solutions LLC now owns 115,995 shares of the technology company’s stock worth $232,000 after buying an additional 27,000 shares during the period. BlackRock Inc. boosted its stake in shares of ClearSign Technologies by 10.5% during the fourth quarter. BlackRock Inc. now owns 265,228 shares of the technology company’s stock worth $366,000 after buying an additional 25,164 shares during the period. Morgan Stanley boosted its stake in shares of ClearSign Technologies by 26.4% during the first quarter. Morgan Stanley now owns 108,343 shares of the technology company’s stock worth $615,000 after buying an additional 22,603 shares during the period. Finally, Moors & Cabot Inc. acquired a new stake in shares of ClearSign Technologies during the third quarter worth about $42,000. Institutional investors own 8.65% of the company’s stock.

The company has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.49. ClearSign Technologies has a twelve month low of $1.00 and a twelve month high of $5.44.

About ClearSign Technologies (Get Rating)

ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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