Infinera (Nasdaq: INFN ) is expected to report Q3 earnings on Oct. 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Infinera's revenues will expand 6.1% and EPS will remain in the red.
The average estimate for revenue is $110.3 million. On the bottom line, the average EPS estimate is -$0.12.
Last quarter, Infinera reported revenue of $93.5 million. GAAP reported sales were 2.6% lower than the prior-year quarter's $96.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.17. GAAP EPS were -$0.27 for Q2 against -$0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.6%, 440 basis points worse than the prior-year quarter. Operating margin was -31.5%, 640 basis points worse than the prior-year quarter. Net margin was -31.6%, 640 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $434.5 million. The average EPS estimate is -$0.45.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,811 members out of 1,847 rating the stock outperform, and 36 members rating it underperform. Among 478 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 471 give Infinera a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Infinera is hold, with an average price target of $8.61.
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