Insights Ahead: Calix's Quarterly Earnings

Calix (NYSE:CALX) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.

Analysts estimate that Calix will report an earnings per share (EPS) of $0.09.

The market awaits Calix's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

Last quarter the company beat EPS by $0.03, which was followed by a 6.29% drop in the share price the next day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.06

0.20

0.36

0.36

EPS Actual

0.09

0.21

0.43

0.45

Price Change %

-6.0%

-5.0%

-26.0%

-18.0%

Tracking Calix's Stock Performance

Shares of Calix were trading at $37.9 as of October 24. Over the last 52-week period, shares are up 18.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Calix

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Calix.

A total of 3 analyst ratings have been received for Calix, with the consensus rating being Buy. The average one-year price target stands at $45.0, suggesting a potential 18.73% upside.

Analyzing ...