Arlo Technologies Inc expected to post a loss of 5 cents a share - Earnings Preview

Arlo Technologies

10/05/2023 03:02

* Arlo Technologies Inc  ARLO.N   ARLO.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 11. 
    * The Carlsbad California-based  company is expected to
report  a
15.9% decrease in revenue to $104.907 million from $124.75
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
March 7 2023, for the period ended March 31, was for revenue
between $100.00 million and $110.00 million.
    * ​Refinitiv's mean analyst estimate for Arlo Technologies
Inc is
for a loss of 5 cents per share. The company's EPS guidance on
March 7 2023, for the period ended March 31, was between $-0.07
and $-0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $9.5​, above​ its last closing price of $6.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.11       -0.10      -0.04     Beat    60.7
 Sep. 30 2022  -0.13       -0.13      -0.05     Beat    60.6
 Jun. 30 2022  -0.07       -0.07      0.01      Beat    115.2​
 Mar. 31 2022  -0.03       -0.03      0.01      Beat    132.3
 ​​Dec.        -0.04       -0.03      0.04      Beat    215.6
 31 2021                                                
 Sep. 30 2021  -0.14       -0.14      -0.08     Beat    42​
 Jun. 30 2021  -0.15       -0.15      -0.04     Beat    73.4
 Mar. 31 2021  -0.20       -0.21      -0.03     Beat    85.6
 This summary was machine generated May 10 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated