Calix Inc reports results for the quarter ended in June - Earnings Summary

Calix

23/07/2024 23:16

* Calix Inc  CALX.N  reported quarterly adjusted earnings of
9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 6 cents per share. Wall Street expected
results to range from 6 cents to 8 cents per share.
    * Revenue fell 24.1% to $198.14 million from a year ago;
analysts
expected $200.81 million. 
    * Calix Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $7.96 million.
    * Calix Inc shares had risen by 5.5% this quarter and
lost 14.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Calix Inc is
$42.50 
This summary was machine generated from LSEG data July 23 at
10:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.06           0.09           Beat
 Mar. 31 2024      0.22           0.21           Missed
 Dec. 31 2023      0.36           0.43           Beat
 Sep. 30 2023      0.36           0.45           Beat