Viavi Solutions Inc reports results for the quarter ended in March - Earnings Summary

Viavi Solutions

03/05/2024 23:51

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 8 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 7 cents to 8 cents per share.
    * Revenue fell 0.7% to $246.00 million from a year ago;
analysts
expected $249.08 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $24.6 million.
    * Viavi Solutions Inc shares had fallen by 11.8% this
quarter and
lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Viavi Solutions
Inc is $10.00 
This summary was machine generated from LSEG data May 3 at 10:51
p.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
 Mar. 31 2024      0.07           0.06           Missed
 Dec. 31 2023      0.09           0.11           Beat
 Sep. 30 2023      0.08           0.09           Beat
 Jun. 30 2023      0.08           0.10           Beat