Analysts Anticipate DASAN Zhone Solutions, Inc. (DZSI) to Announce -$0.07 Earnings Per Share
Equities research analysts expect DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) to report earnings of ($0.07) per share for the current quarter, Zacks reports. Two analysts have provided estimates for DASAN Zhone Solutions’ earnings. DASAN Zhone Solutions posted earnings per share of ($0.15) during the same quarter last year, which would suggest a positive year-over-year growth rate of 53.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, August 9th.
According to Zacks, analysts expect that DASAN Zhone Solutions will report full year earnings of ($0.13) per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $0.22 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover DASAN Zhone Solutions.
DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings data on Tuesday, May 16th. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. DASAN Zhone Solutions had a negative return on equity of 26.94% and a negative net margin of 9.30%. The company had revenue of $53.07 million during the quarter, compared to analysts’ expectations of $50.08 million.
Separately, Zacks Investment Research upgraded DASAN Zhone Solutions from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Wednesday, May 24th.
DASAN Zhone Solutions (NASDAQ DZSI) traded up 0.14% during mid-day trading on Friday, reaching $6.96. The company’s stock had a trading volume of 2,417 shares. The stock’s market capitalization is $113.99 million. DASAN Zhone Solutions has a 52 week low of $4.25 and a 52 week high of $10.00. The firm has a 50-day moving average of $6.46 and a 200-day moving average of $4.98.
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About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.
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