Finisar Earnings Outlook

On Thursday, Finisar FNSR will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts covering Finisar modeled for quarterly EPS of 23 cents per share on revenue of $333.4 million.

In the same quarter last year, Finisar reported EPS of 59 cents on revenue of $380.5 million. The analyst consensus estimate would represent a 61.02 percent decrease in the company's earnings. Sales would be down 12.38 percent from the year-ago period.

Finisar's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares are down 43.44 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Finisar stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Finisar's Q3 conference call is scheduled to begin at 4:00 p.m. ET and can be accessed here.