Gen Digital Inc expected to post earnings of 43cents a share - Earnings Preview

Gen Digital

31/01/2023 22:36

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 2. 
    * The Tempe Arizona-based  company is expected to report  a
32.5% increase in revenue to $932.85 million from $704 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on November 8 2022,
for the period ended December 31, was for revenue between
$925.00 million and $940.00 million.
    * ​Refinitiv's mean analyst estimate for Gen Digital Inc is
for
earnings of 43 cents per share. The company's EPS guidance on
November 8 2022, for the period ended December 31, was between
$0.42 and $0.45 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Gen Digital
Inc
is $25​, above​ its last closing price of $22.69. ​​​

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  0.44        0.45       0.45      Met     1.1
 Jun. 30 2022  0.43        0.43       0.45      Beat    5.5
 Mar. 31 2022  0.45        0.45       0.46      Beat    2.8​
 Dec. 31 2021  0.44        0.43       0.44      Beat    1.7
 ​​Sep.        0.42        0.42       0.43      Beat    2
 30 2021                                                
 Jun. 30 2021  0.41        0.41       0.42      Beat    2.1​
 Mar. 31 2021  0.38        0.38       0.40      Beat    5.3
 Dec. 31 2020  0.37        0.37       0.38      Beat    2.2
 This summary was machine generated January 31 at 22:36 GMT.  All
figures in US dollars  unless otherwise stated