Extreme Networks Inc expected to post earnings of 26  cents a share - Earnings Preview

Extreme Networks

24/04/2023 19:31

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 26. 
    * The Morrisville North Carolina-based  company is expected
to
report  a 11.9% increase in revenue to $319.468 million from
$285.51 million a year ago, according to the mean estimate from
7 analysts, based on Refinitiv data. The company's guidance on
January 25 2023, for the period ended March 31, was for revenue
between $315.00 million and $325.00 million.
    * ​Refinitiv's mean analyst estimate for Extreme Networks
Inc is
for earnings of 26 cents per share. The company's EPS guidance
on January 25 2023, for the period ended March 31, was between
$0.23 and $0.29 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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 $23​, above​ its last closing price of $15.71. ​​​

The company's guidance on January 25 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD42.525 million and USD49.725 million.The company's guidance
on January 25 2023 for the period ended March 31 was for gross
profit margin between USD58% and USD60%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.23        0.24       0.27      Beat    14.6
 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.        0.18        0.17       0.21      Beat    22.1
 31 2021                                                
 Sep. 30 2021  0.16        0.16       0.21      Beat    32.9​
 Jun. 30 2021  0.17        0.17       0.19      Beat    9.6
 Mar. 31 2021  0.13        0.13       0.16      Beat    23.1
 This summary was machine generated April 24 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated