Calix: Q1 Earnings Insights

Calix CALX reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:07 PM.

Here's what investors need to know about the announcement.

Calix beat estimated earnings by 10.71%, reporting an EPS of $0.31 versus an estimate of $0.28.

Revenue was up $65.06 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 2.5% drop in the share price the next day.

Here's a look at Calix's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.26	0.23	0.19	0.20
EPS Actual	0.34	0.34	0.22	0.22
Revenue Estimate	241.20M	215.25M	196.02M	177.64M
Revenue Actual	244.50M	236.33M	202.04M	184.95M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Calix management provided guidance for Q2 2023, expecting earnings between $0.28 and $0.34 per share.

To track all earnings releases for Calix visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar