Viavi Solutions Inc expected to post earnings of 6 cents a share - Earnings Preview

Viavi Solutions

29/10/2024 21:02

* Viavi Solutions Inc  VIAV.OQ   VIAV.O  is expected to show
a
fall in quarterly revenue when it reports  results on October 31
for the period ending September 30 2024
    * The Chandler Arizona-based  company is expected to report
a
3.1% decrease in revenue to $240.1 million from $247.9 million a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on August 8 2024, for the
period ended September 30, was for revenue between $235.00
million and $245.00 million.
    * ​LSEG's mean analyst estimate for Viavi Solutions Inc is
for
earnings of 6 cents per share. The company's EPS guidance on
August 8 2024, for the period ended September 30, was between
$0.05 and $0.07 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Viavi
Solutions
Inc is $8.75​, below​ its last closing price of $9.25. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD23.27 million and USD28.67 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.07        0.07       0.08      Beat    14.3
 Mar. 31 2024  0.07        0.07       0.06      Missed  -16.5
 Dec. 31 2023  0.09        0.09       0.11      Beat    28.3​
 Sep. 30 2023  0.10        0.10       0.09      Missed  -7.2
 ​​Jun.        0.08        0.08       0.10      Beat    26.8
 30 2023                                                
 Mar. 31 2023  0.09        0.09       0.08      Missed  -13.3​
 Dec. 31 2022  0.11        0.11       0.14      Beat    27.3
 Jan. 1 0001   0.23        0.23       0.23      Met     -1.3
 This summary was machine generated October 29 at 21:02 GMT.  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)