Sonus Networks (Nasdaq: SONS ) is expected to report Q3 earnings on Nov. 7. 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 Sonus Networks's revenues will drop -14.9% and EPS will shrink to a loss.
The average estimate for revenue is $56.5 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, Sonus Networks logged revenue of $57.6 million. GAAP reported sales were 11% higher than the prior-year quarter's $51.8 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 -$0.03. GAAP EPS were -$0.04 for Q2 against -$0.02 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 56.9%, 90 basis points worse than the prior-year quarter. Operating margin was -18.7%, 570 basis points worse than the prior-year quarter. Net margin was -20.4%, 890 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $272.4 million. The average EPS estimate is -$0.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 373 members out of 399 rating the stock outperform, and 26 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Sonus Networks 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 Sonus Networks is outperform, with an average price target of $3.54.
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