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Lumentum (LITE) Reports Q4 Earnings: What Key Metrics Have to Say
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Lumentum (LITE - Free Report) reported $370.8 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 12.2%. EPS of $0.59 for the same period compares to $1.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $368.16 million, representing a surprise of +0.72%. The company delivered an EPS surprise of +5.36%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lumentum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenue- OpComms- Telecom and Datacom: $286.90 million versus the five-analyst average estimate of $291.10 million.
Net revenue- Optical Communications: $320.50 million compared to the $321.53 million average estimate based on four analysts. The reported number represents a change of -13.6% year over year.
Net revenue- Lasers: $50.30 million versus $48.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Net revenue- OpComms- Consumer and Industrial: $33.60 million compared to the $30.76 million average estimate based on four analysts.
Shares of Lumentum have returned -11.9% over the past month versus the Zacks S&P 500 composite's -3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Lumentum (LITE) Reports Q4 Earnings: What Key Metrics Have to Say
Lumentum (LITE - Free Report) reported $370.8 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 12.2%. EPS of $0.59 for the same period compares to $1.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $368.16 million, representing a surprise of +0.72%. The company delivered an EPS surprise of +5.36%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lumentum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- OpComms- Telecom and Datacom: $286.90 million versus the five-analyst average estimate of $291.10 million.
- Net revenue- Optical Communications: $320.50 million compared to the $321.53 million average estimate based on four analysts. The reported number represents a change of -13.6% year over year.
- Net revenue- Lasers: $50.30 million versus $48.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Net revenue- OpComms- Consumer and Industrial: $33.60 million compared to the $30.76 million average estimate based on four analysts.
View all Key Company Metrics for Lumentum here>>>Shares of Lumentum have returned -11.9% over the past month versus the Zacks S&P 500 composite's -3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.