Calix Inc reports results for the quarter ended in September 30 - Earnings Summary

Calix

29/10/2024 02:47

* Calix Inc  CALX.N  reported quarterly adjusted earnings of
13
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 45
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 9 cents per share. Wall Street expected
results to range from 8 cents to 11 cents per share.
    * Revenue fell 23.8% to $200.95 million from a year ago;
analysts
expected $201.06 million. 
    * Calix Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $3.97 million.
    * Calix Inc shares had fallen by 2.0% this quarter and
lost 13.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
45.00 
This summary was machine generated from LSEG data October 29 at
02:47 a.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
 Sep. 30 2024      0.09           0.13           Beat
 Jun. 30 2024      0.06           0.09           Beat
 Mar. 31 2024      0.22           0.21           Missed
 Dec. 31 2023      0.36           0.43           Beat