Lumentum (LITE) Surpasses Q3 Earnings and Revenue Estimates

Company Performance - Lumentum reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of$ 0.50 per share, and up from $0.29 per share a year ago, representing an earnings surprise of 14% [1] - The company achieved revenues of$ 425.2 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.45%, and an increase from $366.5 million year-over-year [2] - Over the last four quarters, Lumentum has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - Lumentum shares have declined approximately 24.8% since the beginning of the year, compared to a 3.9% decline in the S&P 500 [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at$ 0.65 for the coming quarter and $1.76 for the current fiscal year [4][7] Industry Context - The Lasers Systems and Components industry, to which Lumentum belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Lumentum's stock performance [5]