Extreme Networks Inc expected to post earnings of 13 cents a share - Earnings Preview

Extreme Networks

05/08/2024 15:15

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Morrisville North Carolina-based  company is expected
to
report a 30.4% decrease in revenue to $253.211 million from
$363.9 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on May 20
2024, for the period ended June 30, was for revenue of $255.000
million. (Revenue is on Total Revenue Basis)
    * ​LSEG's mean analyst estimate for Extreme Networks Inc is
for
earnings of 13 cents per share. The company's EPS guidance on
May 1 2024, for the period ended June 30, was between $0.11 and
$0.15 
    * 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 $14.50​, above​ its last closing price of $13.07. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD22.5
million and USD29.9 million.The company's guidance on May 1 2024
for the period ended June 30 was for gross profit margin between
USD61.6% and USD63.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.18       -0.18      -0.19     Missed  -5.6
 Jan. 1 2024   0.23        0.25       0.24      Missed  -3.1
 Sep. 30 2023  0.32        0.32       0.35      Beat    10.5​
 Jun. 30 2023  0.32        0.31       0.33      Beat    4.8
 ​​Mar.        0.26        0.26       0.29      Beat    12.1
 31 2023                                                
 Dec. 31 2022  0.23        0.24       0.27      Beat    14.6​
 Sep. 30 2022  0.17        0.17       0.20      Beat    17.6
 Jun. 30 2022  0.14        0.15       0.15      Met     3.4
 This summary was machine generated August 5 at 14:15 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)