Extreme Networks Inc expected to post earnings of 32  cents a share - Earnings Preview

Extreme Networks

30/10/2023 15:48

* Extreme Networks Inc  EXTR.OQ   EXTR.O  is expected
to show a
rise in quarterly revenue when it reports  results 
    * The Morrisville North Carolina-based  company is expected
to
report  a 16.6% increase in revenue to $347.041 million from
$297.69 million a year ago, according to the mean estimate from
8 analysts, based on Refinitiv data. The company's guidance on
August 2 2023, for the period ended September 30, was for
revenue between 342.00 million and 352.00 million.
    * ​Refinitiv's mean analyst estimate for Extreme Networks
Inc is
for earnings of 32 cents per share. The company's EPS guidance
on August 2 2023, for the period ended September 30, was between
0.28 and 0.33 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $34​, above​ its last closing price of $20.54. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
52.326 million and 61.952 million.The company's guidance on
August 2 2023 for the period ended September 30 was for gross
profit margin between 59.5% and 61.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.17        0.17       0.20      Beat    17.6
 ​​Jun.        0.14        0.15       0.15      Met     3.4
 30 2022                                                
 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. 30 2021  0.16        0.16       0.21      Beat    32.9
 This summary was machine generated October 30 at 15:48 GMT.  All
figures in US dollars  unless otherwise stated