Extreme Networks Inc expected to post earnings of 12 cents a share - Earnings Preview

Extreme Networks

28/10/2024 13:02

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on October 30
for the period ending September 30 2024
    * The Morrisville North Carolina-based  company is expected
to
report a 26.2% decrease in revenue to $260.547 million from
$353.14 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on August
7 2024, for the period ended September 30, was for revenue
between 255.00 million and 265.00 million. (Revenue is on Total
Revenue Basis)
    * ​LSEG's mean analyst estimate for Extreme Networks Inc is
for
earnings of 12 cents per share. The company's EPS guidance on
August 7 2024, for the period ended September 30, was between
0.10 and 0.14 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $16.75​, above​ its last closing price of $14.35. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
19.89 million and 27.56 million.The company's guidance on August
7 2024 for the period ended September 30 was for gross profit
margin between 62% and 64%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.13        0.13       -0.08     Missed  -163.5
 Mar. 31 2024  -0.18       -0.18      -0.19     Missed  -5.6
 Jan. 1 0001   0.23        0.25       0.24      Missed  -3.1​
 Sep. 30 2023  0.32        0.32       0.35      Beat    10.5
 ​​Jun.        0.32        0.31       0.33      Beat    4.8
 30 2023                                                
 Mar. 31 2023  0.26        0.26       0.29      Beat    12.1​
 Dec. 31 2022  0.23        0.24       0.27      Beat    14.6
 Sep. 30 2022  0.17        0.17       0.20      Beat    17.6
 This summary was machine generated October 28 at 13:02 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)