Extreme Networks Inc expected to post earnings of 16 cents a share - Earnings Preview

Extreme Networks

29/10/2021 14:01

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected to show a
rise in quarterly revenue when it reports results on November
2. 
* The Morrisville, North Carolina-based company is expected to
report  a 9.0% increase in revenue to $256.945 million from
$235.8 million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Extreme Networks Inc is
for earnings of 16 cents per share. For the same quarter last
year, the company reported earnings of 9 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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​, about 28.9% above​ its last closing price
of $9.96. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.17        0.17       0.19      Beat    9.6
 Mar. 31 2021  0.13        0.13       0.16      Beat    23.1
 Dec. 31 2020  0.14        0.14       0.13      Missed  -7.1​
 Sep. 30 2020  0.07        0.06       0.09      Beat    46.5
 Jun.          -0.03​      -0.03      0.03      Beat    210.5​
 30​ 2020​                                              
 Mar. 31 2020  -0.14       -0.14      -0.14     Met     -2.4​
 Dec. 31 2019  0.13        0.13       0.13      Met     -2.7
 Sep. 30 2019  0.03        0.03       0.08      Beat    198.5
 This summary was machine generated October 29 at 13:01 GMT.  All
figures in US dollars unless otherwise stated