Aviat Networks, Inc. (AVNW) Surpasses Q2 Earnings and Revenue Estimates

Company Performance - Aviat Networks, Inc. reported quarterly earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and up from $0.94 per share a year ago, representing an earnings surprise of 3.19% [1] - The company posted revenues of $95.04 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 3.47%, and an increase from year-ago revenues of $90.68 million [1] - Over the last four quarters, Aviat Networks has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] Future Outlook - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of the earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is $0.78 on revenues of $90.75 million, and for the current fiscal year, it is $3.78 on revenues of $372.1 million [4] - The estimate revisions trend for Aviat Networks is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Wireless Equipment industry, to which Aviat Networks belongs, is currently in the top 39% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, InterDigital, is expected to report quarterly earnings of $1.21 per share, reflecting a year-over-year change of +12%, with revenues anticipated to be $104.31 million, down 10.9% from the previous year [5][6]