Arlo Technologies Inc expected to post earnings of 4  cents a share - Earnings Preview

Arlo Technologies

09/08/2023 24:54

* Arlo Technologies Inc  ARLO.N   ARLO.K  is expected
to show a
fall in quarterly revenue when it reports  results on August
10. 
    * The Carlsbad California-based  company is expected to
report  a
7.4% decrease in revenue to $110.176 million from $118.98
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on May
11 2023, for the period ended June 30, was for revenue between
$105.00 million and $115.00 million.
    * ​Refinitiv's mean analyst estimate for Arlo Technologies
Inc is
for earnings of 4 cents per share. The company's EPS guidance on
May 11 2023, for the period ended June 30, was between $0.01 and
$0.07 
    * 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 $11.5​, above​ its last closing price of $11.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.05       -0.05      0.01      Beat    119.5
 Dec. 31 2023  -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.        -0.03       -0.03      0.01      Beat    132.3
 31 2022                                                
 Dec. 31 2021  -0.04       -0.03      0.04      Beat    215.6​
 Sep. 30 2021  -0.14       -0.14      -0.08     Beat    42
 Jun. 30 2021  -0.15       -0.15      -0.04     Beat    73.4
 This summary was machine generated August 8 at 23:54 GMT.  All
figures in US dollars  unless otherwise stated