Earnings Outlook For Harmonic
Portfolio Pulse from Benzinga Insights
Harmonic (NASDAQ:HLIT) is expected to release its quarterly earnings report on Monday, 2024-01-29, with analysts predicting an EPS of $0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Harmonic's stock price has been sensitive to earnings performance and guidance rather than just meeting or missing EPS estimates. Last quarter, Harmonic missed the EPS estimate by $0.01, yet the stock price increased by 10.89% the following day. Over the past year, Harmonic's shares have decreased by 20.63%, indicating a bearish sentiment among long-term shareholders.
January 26, 2024 | 4:01 pm
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Harmonic is anticipated to release its earnings report with an expected EPS of $0.10. Investors are focused on both the earnings outcome and the company's future guidance. The stock has shown sensitivity to earnings results and guidance in the past, with a notable increase in share price after a missed EPS last quarter. Long-term shareholders may be bearish given the 20.63% decline over the past year.
The short-term impact on HLIT's stock price will likely depend on whether the company meets or exceeds the EPS estimate and provides positive guidance. Historically, the stock has been volatile post-earnings, with significant price changes regardless of meeting or missing estimates. The bearish sentiment from the annual decline could be countered by a positive earnings surprise or strong forward-looking statements.
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IMPORTANCE 80
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