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

Extreme Networks

27/01/2025 13:39

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 29
for the period ending December 31 2024
    * The Morrisville North Carolina-based  company is expected
to
report a 6.2% decrease in revenue to $278.054 million from
$296.38 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on October
30 2024, for the period ended December 31, was for revenue
between 273.00 million and 283.00 million. (Revenue is on Total
Revenue Basis)
    * ​LSEG's mean analyst estimate for Extreme Networks Inc is
for
earnings of 18 cents per share. The company's EPS guidance on
October 30 2024, for the period ended December 31, was between
0.16 and 0.20 
    * 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 $20.50​, above​ its last closing price of $17.00. ​​​

The company's guidance on October 30 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
30.849 million and 37.922 million.The company's guidance on
October 30 2024 for the period ended December 31 was for gross
profit margin between 63% 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  
 Sep. 30 2024  0.12        0.12       0.17      Beat    40.8
 Jun. 30 2024  0.13        0.13       -0.08     Missed  -163.5
 Mar. 31 2024  -0.18       -0.18      -0.19     Missed  -5.6​
 Dec. 31 2023  0.23        0.25       0.24      Missed  -3.1
 ​​Sep.        0.32        0.32       0.35      Beat    10.5
 30 2023                                                
 Jun. 30 2023  0.32        0.31       0.33      Beat    4.8​
 Mar. 31 2023  0.26        0.26       0.29      Beat    12.1
 Dec. 31 2022  0.23        0.24       0.27      Beat    14.6
 This summary was machine generated January 27 at 13:39 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)