Earnings Outlook For Calix
Portfolio Pulse from Benzinga Insights
Calix (NYSE:CALX) is expected to release its quarterly earnings report on Monday, 2024-01-29, with analysts predicting an EPS of $0.36. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Calix has experienced share price drops following earnings reports, even when beating EPS estimates. Over the last year, Calix shares have declined by 14.87%, indicating a bearish sentiment among long-term shareholders.
January 26, 2024 | 3:00 pm
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Calix is anticipated to report quarterly earnings with an expected EPS of $0.36. Despite past earnings beats, the stock has seen price declines the following day. Long-term performance shows a 14.87% decrease over the past year, suggesting a bearish outlook.
Given the historical pattern of stock price declines following earnings reports, even after beating EPS estimates, there is a likelihood of a negative short-term impact on CALX's stock price, especially if the company fails to provide strong positive guidance. The overall bearish sentiment from the past year's performance may also weigh on investor expectations.
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