Calix Inc reports results for the quarter ended June 30 - Earnings Summary

• Calix Inc CALX reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of six analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 19 cents to 22 cents per share.

• Revenue rose 22.1% to $241.88 million from a year ago; analysts expected $223.82 million.

• Calix Inc's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $199 thousand.

• Calix Inc shares had risen by 0.9% this quarter and gained 53.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 35.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Calix Inc is $50.00, about 7.3% below its last closing price of $53.67

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)