Extreme Networks Inc expected to post a loss of 18 cents a share - Earnings Preview

Extreme Networks

29/04/2024 14:04

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Morrisville North Carolina-based  company is expected
to
report a 38.5% decrease in revenue to $204.634 million from
$332.5 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended March 31, was for revenue between
200.00 million and 210.00 million. (Revenue is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Extreme Networks Inc is
for a
loss of 18 cents per share. The company's EPS guidance on
January 31 2024, for the period ended March 31, was between
-0.22 and -0.17 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 Extreme
Networks
Inc is $14.50​, above​ its last closing price of $11.60. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
-26.8 million and -20.58 million.The company's guidance on
January 31 2024 for the period ended March 31 was for gross
profit margin between 59.5% and 61.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.23        0.25       0.24      Missed  -3.1
 Sep. 30 2023  0.32        0.32       0.35      Beat    10.5
 Jan. 1 0001   0.32        0.31       0.33      Beat    4.8​
 Jan. 1 0001   0.26        0.26       0.29      Beat    12.1
 ​​Jan.        0.23        0.24       0.27      Beat    14.6
 1 0001                                                 
 Sep. 30 2022  0.17        0.17       0.20      Beat    17.6​
 Jun. 30 2022  0.14        0.15       0.15      Met     3.4
 Mar. 31 2022  0.18        0.18       0.21      Beat    15.4
 This summary was machine generated April 29 at 13:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)