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

Calix

22/04/2024 22:01

* Calix Inc  CALX.N  reported quarterly adjusted earnings of
21
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 31
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 20 cents per share. Wall Street expected
results to range from 18 cents to 22 cents per share.
    * Revenue fell 9.5% to $226.31 million from a year ago;
analysts
expected $228.14 million. 
    * Calix Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $103
thousand.
    * Calix Inc shares had fallen by 11.7% this quarter and
lost 33.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.8%
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 6 "strong buy" or "buy," 1
"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
$49.00 
This summary was machine generated from LSEG data April 22 at
09:01 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
 Mar. 31 2024      0.20           0.21           Beat
 Dec. 31 2023      0.36           0.43           Beat
 Sep. 30 2023      0.36           0.45           Beat
 Jun. 30 2023      0.32           0.36           Beat