Gen Digital Inc expected to post earnings of 44  cents a share - Earnings Preview

Gen Digital

10/05/2023 03:03

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 11. 
    * The Tempe Arizona-based  company is expected to report  a
31.3% increase in revenue to $940.05 million from $716 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on February 2 2023,
for the period ended March 31, was for revenue between $935.00
million and $945.00 million.
    * ​Refinitiv's mean analyst estimate for Gen Digital Inc is
for
earnings of 44 cents per share. The company's EPS guidance on
February 2 2023, for the period ended March 31, was between
$0.44 and $0.46 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 Gen Digital
Inc
is $25​, above​ its last closing price of $17.00. ​​​

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  0.43        0.43       0.45      Beat    5.5
 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.        0.44        0.43       0.44      Beat    1.7
 31 2021                                                
 Sep. 30 2021  0.42        0.42       0.43      Beat    2​
 Jun. 30 2021  0.41        0.41       0.42      Beat    2.1
 Mar. 31 2021  0.38        0.38       0.40      Beat    5.3
 This summary was machine generated May 10 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated