Harmonic: Here’s What Investors Need to Know Before Earnings
Harmonic (NASDAQ:HLIT) will report earnings after markets close on Tuesday, July 23rd. Harmonic Inc. designs, manufactures, and markets digital and fiber optic systems. The Company’s systems enable cable, satellite, and wireless operators to deliver video, Internet, telephony, and high-speed data services. Harmonic’s TRANsend digital product line combines and customizes content from a variety of sources.
Here is your Cheat Sheet to Harmonic Earnings:
Earnings Expectations: Analysts expect earnings of $0.01 per share on revenues of $108.71 million. Currently, the company’s P/E ratio stands at 271.54.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.09 to a profit $0.05. For the current year, the average estimate is a profit of $0.13, which is worse than the estimate ninety days ago.
Here’s how Harmonic has been performing on an annual basis:
|Revenue ($) in millions||365||320||423||549||530|
|Diluted EPS ($)||0.67||-0.25||-0.04||0.08||-0.09|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||132.63||136.68||133.43||101.67|
|Diluted EPS ($)||0.00||-0.07||0.04||0.06|
Harmonic has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)