Viavi Solutions Inc expected to post earnings of 8 cents a share - Earnings Preview
09/08/2023 03:04
* Viavi Solutions Inc VIAV.OQ VIAV.O is expected to show
a
fall in quarterly revenue when it reports results on August
10.
* The Chandler Arizona-based company is expected to report
a
24.8% decrease in revenue to $251.98 million from $335.3 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on May 2 2023,
for the period ended June 30, was for revenue between $242.00
million and $262.00 million.
* Refinitiv's mean analyst estimate for Viavi Solutions Inc
is
for earnings of 8 cents per share. The company's EPS guidance on
May 2 2023, for the period ended June 30, was between $0.07 and
$0.09
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $12, above its last closing price of $10.86.
The company's guidance on May 2 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD24.2
million and USD32.488 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Mar. 31 2023 0.09 0.09 0.08 Missed -13.3
Dec. 31 2023 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
Mar. 0.21 0.21 0.22 Beat 5.6
31 2022
Dec. 31 2021 0.19 0.19 0.24 Beat 26.3
Sep. 30 2021 0.21 0.21 0.24 Beat 14.9
Jun. 30 2021 0.19 0.19 0.22 Beat 17.6
This summary was machine generated August 9 at 02:04 GMT. All
figures in US dollars unless otherwise stated