Harmonic HLIT Quick Quote: HLIT Free Report Came In With A Surprise
Harmonic HLIT Quick Quote HLIT Free Report came out with quarterly earnings per share of miss Zacks Consensus Estimate per share. Compared with earnings per share a year ago, figures adjusted for non-recurring items, this quarter’s report represented an earnings surprise. A quarter ago, expectations were that the video services provider would post earnings per share. Actual produced earnings delivered a surprise in the last four quarters. The company surpassed consensus EP estimates three times. Harmonic belongs to Zacks Communications Components Industry. Posting revenue of million for the quarter ended June, it missed the Zacks Consensus Estimate. Compared year-ago, revenue was million. The company topped consensus revenue estimates two times in the last four quarters. The sustained stock price movement is based on recently-released numbers and future earnings expectations. Most depend on management commentary in the earnings call. Harmonic shares are up since the beginning of the year versus SPX gain. Next Harmonic While Harmonic underperformed the market so far this year, the question comes to investors’ minds is what’s next for the stock? The easiest answer to this key question is one reliable measure that helps investors address a company’s earnings outlook, including current consensus earnings expectations for the coming quarter, as well as the change lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors tracking revisions can rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record harnessing the power of earnings estimate revisions.
Harmonic HLIT Quick Quote HLIT Free Report came out with quarterly earnings per share of miss Zacks Consensus Estimate per share. Compared with earnings per share a year ago, figures adjusted for non-recurring items, this quarter’s report represented an earnings surprise. A quarter ago, expectations were that the video services provider would post earnings per share. Actual produced earnings delivered a surprise in the last four quarters. The company surpassed consensus EP estimates three times. Harmonic belongs to Zacks Communications Components Industry. Posting revenue of million for the quarter ended June, it missed the Zacks Consensus Estimate. Compared year-ago, revenue was million. The company topped consensus revenue estimates two times in the last four quarters. The sustained stock price movement is based on recently-released numbers and future earnings expectations. Most depend on management commentary in the earnings call. Harmonic shares are up since the beginning of the year versus SPX gain. Next Harmonic While Harmonic underperformed the market so far this year, the question comes to investors’ minds is what’s next for the stock? The easiest answer to this key question is one reliable measure that helps investors address a company’s earnings outlook, including current consensus earnings expectations for the coming quarter, as well as the change lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors tracking revisions can rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record harnessing the power of earnings estimate revisions.
Harmonic HLIT Quick Quote: HLIT Free Report Came In With A Surprise
Harmonic Inc. (HLIT) recently released its quarterly earnings report, revealing a miss on earnings per share (EPS) compared to the Zacks Consensus Estimate. The company’s adjusted EPS for the quarter also fell short of the figure reported in the year-ago period. Despite these setbacks, Harmonic’s revenue for the quarter topped the Zacks Consensus Estimate, marking the second time in the last four quarters that the company has surpassed consensus revenue estimates.
Harmonic’s stock price did not experience any immediate movement following the release of the earnings report. Future earnings expectations will likely play a significant role in determining the stock’s performance going forward, and investors will be paying close attention to management’s commentary during the earnings call.
Harmonic’s shares have underperformed the market so far this year, and investors may be wondering what the future holds for the stock. One reliable way to gauge a company’s earnings outlook is to examine the current consensus earnings expectations for the upcoming quarter, as well as changes in those expectations over time.
Empirical research has shown a strong correlation between near-term stock price movements and trends in earnings estimate revisions. Investors who track these revisions can gain an edge by using a tried-and-tested tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of Harmonic’s next earnings release, it will be important to monitor the trend in earnings estimate revisions for the company. The magnitude and direction of estimate revisions could provide valuable insights into the company’s future performance. Currently, Harmonic holds a Zacks Rank of “Hold,” indicating that the stock is expected to perform in line with the market over the near future.
In addition to considering the company’s earnings outlook, investors should also take into account the outlook for the broader industry in which Harmonic operates. The Zacks Industry Rank for the Communications Components industry is currently “Top Plus,” and Zacks Industry Research shows that the top-ranked Zacks Rank industries tend to outperform the bottom-ranked industries.