Extreme Networks Inc expected to post earnings of 25 cents a share - Earnings Preview

Extreme Networks

29/01/2024 14:06

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 31
for the period ending December 31 2023
    * The Morrisville North Carolina-based  company is expected
to
report a 7.1% decrease in revenue to $295.61 million from
$318.35 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on January
8 2024, for the period ended December 31, was for revenue
between 294.00 million and 297.00 million. (Revenue is on Total
Revenue Basis)
    * ​LSEG's mean analyst estimate for Extreme Networks Inc is
for
earnings of 25 cents per share. The company's EPS guidance on
November 1 2023, for the period ended December 31, was between
0.26 and 0.31 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $19.00​, above​ its last closing price of $17.05. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin between 60.2% and 62.2%.
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 2023  0.32        0.32       0.35      Beat    10.5
 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
 ​​Sep.        0.17        0.17       0.20      Beat    17.6
 30 2022                                                
 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
 This summary was machine generated January 29 at 14:06 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)