Extreme Networks Inc expected to post earnings of 24cents a share - Earnings Preview

Extreme Networks

23/01/2023 13:52

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on January
25. 
    * The Morrisville North Carolina-based  company is expected
to
report  a 8.3% increase in revenue to $304.369 million from
$280.93 million a year ago, according to the mean estimate from
7 analysts, based on Refinitiv data. The company's guidance on
October 27 2022, for the period ended December 31, was for
revenue between $299.00 million and $309.00 million.
    * ​Refinitiv's mean analyst estimate for Extreme Networks
Inc is
for earnings of 24 cents per share. The company's EPS guidance
on October 27 2022, for the period ended December 31, was
between $0.21 and $0.26 
    * 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 $22​, above​ its last closing price of $18.88. ​​​

The company's guidance on October 27 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD38.87 million and USD46.041 million.The company's guidance on
October 27 2022 for the period ended December 31 was for gross
profit margin between USD57.5% and USD59.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.17        0.17       0.20      Beat    17.6
 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.        0.16        0.16       0.21      Beat    32.9
 30 2021                                                
 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
 This summary was machine generated January 23 at 13:52 GMT.  All
figures in US dollars  unless otherwise stated