Lumentum Holdings Sees Q3 2024 Adj. EPS $.0.20-$0.35 Vs $0.32 Est.; Revenue $350M-$380M Vs $379.179M Est.
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings projects its Q3 2024 adjusted EPS to be between $0.20 and $0.35, compared to the estimated $0.32. The company also forecasts revenue to be in the range of $350M to $380M, against an estimated $379.179M.
February 08, 2024 | 12:33 pm
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Lumentum Holdings projects a Q3 2024 adjusted EPS of $0.20-$0.35, which may not meet the estimated $0.32, and anticipates revenues of $350M-$380M, slightly below the $379.179M estimate.
The projected adjusted EPS range's lower end is significantly below the consensus estimate, indicating potential underperformance. Similarly, the revenue forecast's upper limit is slightly below the estimated figure, suggesting possible revenue shortfall. These factors combined could lead to negative investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100