Viavi Solutions Inc expected to post earnings of 7 cents a share - Earnings Preview

Viavi Solutions

07/08/2024 02:03

* Viavi Solutions Inc  VIAV.OQ   VIAV.O  is expected to show
a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Chandler Arizona-based  company is expected to report
a
4.8% decrease in revenue to $250.817 million from $263.6 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue between $246.00 million
and $258.00 million.
    * ​LSEG's mean analyst estimate for Viavi Solutions Inc is
for
earnings of 7 cents per share. The company's EPS guidance on May
2 2024, for the period ended June 30, was between $0.06 and
$0.08 
    * 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 $9.00​, above​ its last closing price of $7.47. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD23.616
million and USD30.96 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  
 Mar. 31 2024  0.07        0.07       0.06      Missed  -16.5
 Dec. 31 2024  0.09        0.09       0.11      Beat    28.3
 Sep. 30 2023  0.10        0.10       0.09      Missed  -7.2​
 Jun. 30 2023  0.08        0.08       0.10      Beat    26.8
 ​​Mar.        0.09        0.09       0.08      Missed  -13.3
 31 2023                                                
 Dec. 31 2022  0.11        0.11       0.14      Beat    27.3​
 Sep. 30 2022  0.23        0.23       0.23      Met     -1.3
 Jun. 30 2022  0.23        0.23       0.24      Beat    5.9
 This summary was machine generated August 7 at 01:03 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)