Lumentum Holdings Inc. (NASDAQ:LITE) is expected to report first quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 1.47 per share from revenue of $ 441.43 million.
Looking ahead, the full year income are expected at $ 5.59 per share on the revenues of $ 1758.52 million.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 1.40 ~ $ 1.55 per share, while revenues are expected in a range of $ 430.00 million ~ $ 455.00 million
Click Here For More Historical Outlooks Of Lumentum Holdings Inc.
Previous Quarter Performance
Lumentum Holdings Inc. disclosed income for the fourth quarter of $ 1.18 per share, from the revenue of $ 368.10 million. The quarterly earnings gained 28.26 percent while revenues reduced 9.02 percent compared with the same quarter last year.
Wall street analysts are predicting, LITE to report 4Q20 income of $ 0.82 per share from revenue of $ 349.21 million. The bottom line results beat street analysts by $ 0.36 or 43.90 percent, at the same time, top line results outshined analysts by $ 18.89 million or 5.41 percent.
Stock Performance
On Friday, shares of Lumentum Holdings Inc. has traded high as $ 85.00 and has cracked $ 81.58 on the downward trend, reaching $ 82.69 with volume of 1.28 million shares.
According to the previous trading day, closing price of $ 82.69, representing a 44.23 % increase from the 52 week low of $ 59.06 and a 11.95 % decrease over the 52 week high of $ 96.74.
The company has a market capital of $ 6.24 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Rosenblatt Securities at Buy rating, with $ 105.00 target price.
- On 18th September 2020, maintained by Raymond James at Outperform rating, with $ 90.00 target price.
Conference Call
Lumentum Holdings Inc. will be hosting a conference call at 8:30 AM eastern time on 2nd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lumentum.com
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Optical Communications and Commercial Lasers.
