Lumentum (LITE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates Lumentum (LITE) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Lumentum is expected to report quarterly earnings of $0.37 per share, reflecting a year-over-year increase of +15.6% [3]. - Revenue projections stand at $390.83 million, indicating a growth of 6.6% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4]. - A positive Earnings ESP of +17.01% indicates that analysts have recently become more optimistic about Lumentum's earnings prospects [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Lumentum currently holds a Zacks Rank of 2, reinforcing the likelihood of exceeding the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Lumentum exceeded the expected earnings of $0.13 per share by delivering $0.18, resulting in a surprise of +38.46% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - Lumentum is positioned as a strong candidate for an earnings beat, but investors should consider additional factors influencing stock performance beyond earnings results [16].