Q3 Earnings Preview For Adtran

Adtran ADTN announces its next round of earnings this Tuesday. Here is Benzinga's everything-that-matters guide for today's Q3 earnings announcement.

Earnings and Revenue

Analysts predict Adtran will report earnings of 4 cents per share on revenue of $146.61 million.

Adtran reported a per-share profit of 37 cents when it published results during the same quarter last year. Sales in that period totaled $185.11 million. The analyst consensus estimate would represent a 89.19 percent decrease in the company's earnings. Revenue would be down 20.80 percent from the same quarter last year. Adtran'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 29.55 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate Adtran stock as Sell. The strength of this rating has maintained conviction over the past three months.