Calix: Q1 Earnings Insights

Calix CALX reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:07 PM.

Here's what investors need to know about the announcement.

Earnings

Calix beat estimated earnings by 10.71%, reporting an EPS of $0.31 versus an estimate of $0.28.

Revenue was up $65.06 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 2.5% drop in the share price the next day.

Here's a look at Calix's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.26 0.23 0.19 0.20
EPS Actual 0.34 0.34 0.22 0.22
Revenue Estimate 241.20M 215.25M 196.02M 177.64M
Revenue Actual 244.50M 236.33M 202.04M 184.95M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Calix management provided guidance for Q2 2023, expecting earnings between $0.28 and $0.34 per share.

To track all earnings releases for Calix visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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