Extreme Networks Inc expected to post earnings of 31  cents a share - Earnings Preview

Extreme Networks

31/07/2023 14:01

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 2. 
    * The Morrisville North Carolina-based  company is expected
to
report  a 23.5% increase in revenue to $343.535 million from
$278.2 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
April 26 2023, for the period ended June 30, was for revenue
between 340.00 million and 350.00 million.
    * ​Refinitiv's mean analyst estimate for Extreme Networks
Inc is
for earnings of 31 cents per share. The company's EPS guidance
on April 26 2023, for the period ended June 30, was between 0.28
and 0.34 
    * 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 $25​, below​ its last closing price of $27.24. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Earnings before Interest and Taxes between 52.7
million and 60.55 million.The company's guidance on April 26
2023 for the period ended June 30 was for gross profit margin
between 59% and 61%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.26        0.26       0.29      Beat    12.1
 Dec. 31 2023  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.        0.18        0.18       0.21      Beat    15.4
 31 2022                                                
 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. 30 2021  0.17        0.17       0.19      Beat    9.6
 This summary was machine generated July 31 at 13:01 GMT.  All
figures in US dollars  unless otherwise stated