Harmonic Narrows FY24 Adj EPS Forecast Range From $0.49-$0.72 To $0.51-$0.71 (Est $0.56)
Portfolio Pulse from Benzinga Newsdesk
Harmonic has adjusted its FY24 adjusted EPS forecast, narrowing the range from $0.49-$0.72 to $0.51-$0.71, with an estimated EPS of $0.56.

April 29, 2024 | 8:30 pm
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POSITIVE IMPACT
Harmonic's updated FY24 EPS forecast narrows the range, indicating a slight increase in the lower end and a minor decrease in the upper end, with an estimated EPS of $0.56.
The adjustment in Harmonic's EPS forecast suggests a positive outlook on its financial performance, potentially leading to increased investor confidence. The slight increase in the lower end of the forecast range indicates a reduction in expected downside risk, while the minor decrease in the upper end may reflect a more realistic and achievable target. This update could lead to a short-term positive impact on HLIT's stock price as it aligns with the estimated EPS, showing that the company is on track to meet or exceed expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100