Extreme Networks Inc expected to post earnings of 17cents a share - Earnings Preview

Extreme Networks

25/10/2022 19:33

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on October
27. 
    * The Morrisville North Carolina-based  company is expected
to
report  a 5.7% increase in revenue to $282.89 million from
$267.7 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Extreme Networks
Inc is
for earnings of 17 cents per share. The company's EPS guidance
on July 27 2022, for the period ended September 30, was between
0.15 and 0.2 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $18​, above​ its last closing price of $15.28. ​​​

The company's guidance on July 27 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
28.179 million and 36.414 million.The company's guidance on July
27 2022 for the period ended September 30 was for gross profit
margin between 57% and 59%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.14        0.15       0.15      Met     3.4
 Mar. 31 2022  0.18        0.18       0.21      Beat    15.4
 Dec. 31 2021  0.18        0.17       0.21      Beat    22.1​
 Sep. 30 2021  0.16        0.16       0.21      Beat    32.9
 ​​Jun.        0.17        0.17       0.19      Beat    9.6
 30 2021                                                
 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
 This summary was machine generated October 25 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated