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On Tuesday, August 11, Viavi Solutions (NASDAQ: VIAV) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Viavi Solutions EPS is expected to be around $0.13, according to sell-side analysts. Sales will likely be near $259.44 million. In the same quarter last year, Viavi Solutions posted EPS of $0.17 on sales of $289.70 million. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 23.53%. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q3 2020 | Q2 2020 | Q1 2019 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.19 | 0.16 | 0.15 |
| EPS Actual | 0.14 | 0.23 | 0.18 | 0.17 |
| Revenue Estimate | 275.81 M | 303.07 M | 287.29 M | 278.87 M |
| Revenue Actual | 256.20 M | 313.70 M | 299.80 M | 289.70 M |
Stock Performance
Over the last 52-week period, shares are down 0.14%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Viavi Solutions is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.viavisolutions.com%2Fnews-and-events%2Fevents%2Fevent-details%2F2020%2FQ4-2020-VIAVI-Solutions-Inc-Earnings-Conference-Call%2Fdefault.aspx&eventid=2402252&sessionid=1&key=4A11374647FB4C6D34E83EA568191D1F®Tag=&sourcepage=register
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.