Viavi Solutions Inc expected to post earnings of 9 cents a share - Earnings Preview

Viavi Solutions

30/01/2024 21:51

* Viavi Solutions Inc  VIAV.OQ   VIAV.O  is expected to show
a
fall in quarterly revenue when it reports  results on February 1
for the period ending December 31 2023
    * The Chandler Arizona-based  company is expected to report
a
11.8% decrease in revenue to $251 million from $284.5 million a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on November 2 2023, for the
period ended December 31, was for revenue between $240.00
million and $260.00 million.
    * ​LSEG's mean analyst estimate for Viavi Solutions Inc is
for
earnings of 9 cents per share. The company's EPS guidance on
November 2 2023, for the period ended December 31, was between
$0.06 and $0.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $10.50​, above​ its last closing price of $9.99. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD23.04 million and USD33.28 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  
 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. 31 2023  0.09        0.09       0.08      Missed  -13.3​
 Dec. 31 2022  0.11        0.11       0.14      Beat    27.3
 ​​Sep.        0.23        0.23       0.23      Met     -1.3
 30 2022                                                
 Jun. 30 2022  0.23        0.23       0.24      Beat    5.9​
 Mar. 31 2022  0.21        0.21       0.22      Beat    5.6
 Dec. 31 2021  0.19        0.19       0.24      Beat    26.3
 This summary was machine generated January 30 at 21:51 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)