Calix (CALX) Tops Q1 Earnings and Revenue Estimates

Core Viewpoint - Calix reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, although down from $0.21 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 46.15%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - Calix's revenues for the quarter were $220.24 million, surpassing the Zacks Consensus Estimate by 6.37%, but down from $226.31 million year-over-year [3] Market Performance - Calix shares have declined approximately 3% since the beginning of the year, while the S&P 500 has decreased by 10.2% [4] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $210.65 million, and for the current fiscal year, it is $0.71 on revenues of $859.52 million [8] Industry Outlook - The Internet - Software industry, to which Calix belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]