* Calix Inc reported quarterly adjusted earnings of 13 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of seven analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 8 cents to 11 cents per share.
* Revenue fell 23.8% to $200.95 million from a year ago; analysts expected $201.06 million.
* Calix Inc's reported EPS for the quarter was a loss of 6 cents.
* The company reported a quarterly loss of $3.97 million.
* Calix Inc shares had fallen by 2.0% this quarter and lost 13.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "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 Calix Inc is 45.00 This summary was machine generated from LSEG data October 29 at 02:47 a.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
Sep. 30 2024 0.09 0.13 Beat
Jun. 30 2024 0.06 0.09 Beat
Mar. 31 2024 0.22 0.21 Missed
Dec. 31 2023 0.36 0.43 Beat
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