Calix (CALX) Earnings Preview: What to Expect on October 28th

## Calix (CALX) Earnings Preview: What to Expect on October 28th

Investors are eagerly awaiting Calix’s (CALX) upcoming quarterly earnings report, scheduled for Monday, October 28th. This release carries significant weight, as it holds the potential to provide insights into the company’s performance and future outlook. Analysts are currently projecting an earnings per share (EPS) of $0.09, with investors hoping for a positive surprise and optimistic guidance for the upcoming quarter.

Looking Back: A History of Performance

Examining Calix’s past earnings reports provides valuable context for the upcoming announcement. In the last quarter, the company exceeded EPS estimates by $0.03. However, the stock price took a hit, dropping by 6.29% the next day. This highlights the significant impact earnings announcements and guidance can have on stock prices. Here’s a closer look at Calix’s recent performance and the subsequent price changes:

| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | $0.06 | $0.09 | -6.0% |
| Q1 2024 | $0.20 | $0.21 | -5.0% |
| Q4 2023 | $0.36 | $0.43 | -26.0% |
| Q3 2023 | $0.36 | $0.45 | -18.0% |

A Bullish Outlook?

Calix’s stock has performed well over the past 52 weeks, with shares gaining 18.13%. This positive trend has likely fueled bullish sentiment among long-term shareholders as they anticipate the upcoming earnings release.

Analyst Insights: A Buy Consensus

To gauge market expectations, it’s essential to analyze analyst sentiment. Currently, 3 analysts have provided ratings for Calix, with a consensus rating of “Buy.” The average one-year price target stands at $45.0, indicating a potential upside of 18.73%.

Peer Comparison: Assessing Calix’s Position

To gain further perspective on Calix’s performance, it’s helpful to compare it with its peers in the industry. We’ll examine Viavi Solutions, Extreme Networks, and Harmonic, three prominent players in the space. Here’s a comparison of analyst ratings and average one-year price targets:

| Company | Consensus Rating | Average 1-Year Price Target | Potential Upside/Downside |
|—|—|—|—|
| Calix | Buy | $45.0 | 18.73% Upside |
| Viavi Solutions | Buy | $9.5 | 74.93% Downside |
| Extreme Networks | Buy | $16.75 | 55.8% Downside |
| Harmonic | Buy | $18.67 | 50.74% Downside |

Key Takeaways

*

Revenue Growth:

Calix falls behind its peers in terms of revenue growth, with a decline of -24.09% over the past three months. This suggests challenges in expanding its top line earnings.
*

Gross Profit:

Calix sits in the middle ground with regards to gross profit.
*

Return on Equity (ROE):

Notably, Calix ranks highest for Return on Equity, indicating effective utilization of shareholder capital.

Calix: A Closer Look

Calix Inc. is a leading provider of cloud, systems and software platforms designed to empower service providers of all sizes. The company’s innovative solutions deliver real-time data and insights, enabling its clients to optimize their operations and deliver exceptional customer experiences. Calix’s focus on enhancing subscriber acquisition, loyalty, and revenue generation drives value for its clients and their communities.

Financial Performance: A Mixed Bag

While Calix boasts a net margin that exceeds industry benchmarks, its market capitalization currently falls below average. This suggests a relatively smaller size compared to its peers, potentially attributed to factors such as perceived growth potential or operational scale. Additionally, the company’s ROE is below industry norms, hinting at potential challenges in generating satisfactory returns for shareholders. However, its Return on Assets (ROA) surpasses industry standards, indicating efficient utilization of assets for optimal returns. Calix’s debt-to-equity ratio remains below industry norms, signifying a strong financial structure.

Stay Tuned for the Earnings Release

The upcoming earnings release on October 28th will be crucial for investors. It will offer valuable insight into Calix’s financial performance, growth trajectory, and future prospects. Be sure to check out our earnings calendar for updates and further analysis.

Disclaimer:

This article provides general information and is not intended as financial advice. It’s important to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top