Network testing solutions company Viavi Solutions (NASDAQ:VIAV) will be reporting earnings this Wednesday after market hours. Here’s what you need to know.
Viavi Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $443.1 million, up 52.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.
Is Viavi Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Viavi Solutions’s revenue to grow 52.1% year on year, improving from the 25.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Viavi Solutions rarely misses Wall Street’s revenue estimates.
Looking at Viavi Solutions’s peers in the inspection instruments segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Teledyne delivered year-on-year revenue growth of 9.4%, beating analysts’ expectations by 1.9%, and Itron reported revenues up 3%, topping estimates by 0.6%. Teledyne traded down 1.9% following the results while Itron was up 5.5%.
Read our full analysis of Teledyne’s results here and Itron’s results here.
Investors in the inspection instruments segment have had steady hands going into earnings, with share prices flat over the last month. Viavi Solutions is down 40% during the same time and is heading into earnings with an average analyst price target of $62.57 (compared to the current share price of $28.17).
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