Harmonic's Earnings: A Preview

Harmonic (NASDAQ:HLIT) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Harmonic will report an earnings per share (EPS) of $0.22.

Anticipation surrounds Harmonic's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.04, leading to a 21.19% increase in the share price the following trading session.

Here's a look at Harmonic's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.04

-0.01

0.10

0.01

EPS Actual

0.08

0

0.13

0

Price Change %

21.0%

14.000000000000002%

2.0%

11.0%

Market Performance of Harmonic's Stock

Shares of Harmonic were trading at $14.7 as of October 24. Over the last 52-week period, shares are up 51.9%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Observations about Harmonic

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Harmonic.

A total of 3 analyst ratings have been received for Harmonic, with ...