Preview: Lumentum Holdings's Earnings
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) is set to release its latest quarterly earnings report on August 17, 2023. Analysts estimate an earnings per share (EPS) of $0.55. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $51.34, down 50.07% over the last 52-week period.
August 16, 2023 | 3:01 pm
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Lumentum Holdings is expected to report an EPS of $0.55. The company has a history of missing EPS estimates, which has led to share price drops. The stock is currently down 50.07% over the last 52 weeks.
Lumentum Holdings has a history of missing EPS estimates, which has led to drops in its share price. Given this trend and the fact that the stock is down significantly over the last 52 weeks, it's likely that the upcoming earnings report could have a negative impact on the stock's price in the short term.
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