Harmonic Q4 Earnings Outlook

On Wednesday, Harmonic HLIT will release its latest earnings report. Benzinga's outlook for Harmonic is included in the following report.

Earnings and Revenue

Harmonic EPS will likely be near 1 cent per share while revenue will be around $96.66 million, according to analysts.

Harmonic's EPS in the same period a year ago was 8 cents per share. Quarterly sales came in at $113.77 million. The analyst consensus estimate would represent an 87.50 percent decline in the company's EPS figure. Sales would have fallen 15.04 percent from the same quarter last year.

Here's how the company's EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the past 52-week period, shares of Harmonic have declined 44.95 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts generally rate Harmonic stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Harmonic's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here.