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Earnings Preview for Harmonic

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Benzinga Insights
·2 min read
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Harmonic (NASDAQ:HLIT) announces its next round of earnings this Monday, February 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts predict Harmonic will report earnings of $0.15 per share on revenue of $126.30 million. Harmonic EPS in the same period a year ago totaled $0.12. Sales were $122.18 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on HLIT

If the company were to post earnings in line with the consensus estimate when it reports Monday, EPS would be up 25.0%. Sales would be up 3.37% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

EPS Estimate

-0.05

-0.13

-0.05

0.08

EPS Actual

0.03

-0.06

-0.10

0.12

Revenue Estimate

82.05 M

69.81 M

85.02 M

113.07 M

Revenue Actual

94.89 M

73.99 M

78.42 M

122.18 M

Stock Performance

For a full 12 months, the return has risen by 6.19%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Harmonic is scheduled to hold the call at 17:00:00 ET and can be accessed here.

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