Oclaro's Q2 Earnings Preview

Oclaro OCLR announces its next round of earnings Monday. Here is Benzinga's everything-that-matters guide for today's Q2 earnings announcement.

Earnings and Revenue

Based on management's projections, Oclaro analysts model for earnings of 13 cents per share on sales of $140.6 million.

In the same quarter last year, Oclaro reported earnings per share of 21 cents per share on revenue of $153.9 million. If the company were to match the current consensus estimate, sales would be down 8.65 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q1 2018 Q4 2017 Q3 2017
EPS Estimate 0.18 0.17 0.2
EPS Actual 0.2 0.2 0.23

 

Q2 EPS Estimate: 13 cents per share
Q2 Revenues Estimate: $140 million

Stock Performance

Shares of Oclaro were trading at $5.95 as of Feb. 5. Over the last 52-week period, shares are down 38.15 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Oclaro stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Oclaro's Q2 is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: http://investor.oclaro.com/

Posted In: EarningsNewsPreviewsTrading IdeasEarnings Previews
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