Calix (NYSE: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.
