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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Seth Jayson owned shares of the following at the time of publication: Infinera. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Infinera. The Motley Fool owns shares of Infinera. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.