The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Infinera's revenues will expand 13.8% and EPS will remain in the red.
The average estimate for revenue is $127.4 million. On the bottom line, the average EPS estimate is -$0.06.
Last quarter, Infinera logged revenue of $112.2 million. GAAP reported sales were 7.9% higher than the prior-year quarter's $104.0 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 -$0.07. GAAP EPS were -$0.17 for Q3 versus -$0.21 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 37.0%, 210 basis points worse than the prior-year quarter. Operating margin was -16.2%, 470 basis points better than the prior-year quarter. Net margin was -17.0%, 400 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $439.5 million. The average EPS estimate is -$0.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,814 members out of 1,848 rating the stock outperform, and 34 members rating it underperform. Among 545 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 538 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 $7.40.
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