Calix Earnings: Here’s Why Shares are Down Now
Calix Inc. (NYSE:CALX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.74%.
Calix Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 150% to $0.1 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 19.6% to $94.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Calix Inc. reported adjusted EPS income of $0.1 per share. By that measure, the company beat the mean analyst estimate of $0.06. It missed the average revenue estimate of $96.8 million.
Quoting Management: “Our year-over-year revenue growth in Q2 and better-than-anticipated bottom line results reflect our solid execution and progress in expanding our reach into both our domestic and international markets,” said Carl Russo, president and CEO of Calix. “Our Unified Access portfolio continues to resonate with communication service providers as they map out their network strategies.”
Key Stats (on next page)…
Revenue increased 4.25% from $90.55 million in the previous quarter. EPS increased 66.67% from $0.06 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.1 to a profit $0.11. For the current year, the average estimate has moved up from a profit of $0.42 to a profit of $0.43 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)