Cambium Networks Corporation ( CMBM Quick Quote CMBM - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 18, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 61.1%. It pulled off a trailing four-quarter earnings surprise of 137.8%, on average. The Rolling Meadows, IL-based company is expected to have recorded higher revenues year over year. The performance is likely to have been primarily driven by growth in demand for wireless broadband connectivity. Cambium is a leading provider of wireless networking infrastructure solutions. During the quarter under review, RP tech India — a leading value-added technology distributor — announced a distribution agreement with Cambium. The company supplied Tizeti Network Limited — Nigeria’s leading public Wi-Fi operator — with a wireless fabric solution. Cambium deployed its 60 GHz cnWave solution to deliver multi-gigabit throughput to expand broadband access to residential and industrial locations. It joined the Qualcomm Smart Cities Accelerator Program to connect smart applications using its Gigabit wireless fabric. These developments are likely to have had a positive impact on the company’s top line. For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $77 million, indicating growth of 20.3% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 27 cents, which suggests a rise of 200%. What Our Model Says
Our proven model predicts an earnings beat for Cambium this time around. The combination of a positive
Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s exactly the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Earnings ESP: Cambium’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +6.75% as the former is pegged at 29 cents and the latter at 27 cents. Zacks Rank: Cambium currently carries a Zacks Rank #3. Other Stocks to Consider
Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat this quarter:
United States Cellular Corporation ( USM Quick Quote USM - Free Report) is slated to release fourth-quarter 2020 results on Feb 18. It has an Earnings ESP of +342.11% and sports a Zacks Rank #1. You can see . the complete list of today’s Zacks #1 Rank stocks here Telephone and Data Systems, Inc. ( TDS Quick Quote TDS - Free Report) is scheduled to release fourth-quarter 2020 results on Feb 18. The company has an Earnings ESP of +309.09% and carries a Zacks Rank #2. Dana Incorporated ( DAN Quick Quote DAN - Free Report) has an Earnings ESP of +5.56% and a Zacks Rank of 1. The company is set to report fourth-quarter 2020 results on Feb 18. Looking for Stocks with Skyrocketing Upside?
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