Gen Digital Inc expected to post earnings of 46  cents a share - Earnings Preview

Gen Digital

02/08/2023 03:04

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 3. 
    * The Tempe Arizona-based  company is expected to report  a
33.5% increase in revenue to $945.367 million from $708 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on May 11 2023,
for the period ended June 30, was for revenue between $940.00
million and $950.00 million.
    * ​Refinitiv's mean analyst estimate for Gen Digital Inc is
for
earnings of 46 cents per share. The company's EPS guidance on
May 11 2023, for the period ended June 30, was between $0.45 and
$0.47 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 1 "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 $22.5​, above​ its last closing price of $19.31. ​​​

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  0.43        0.44       0.46      Beat    5.3
 Dec. 31 2023  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.        0.45        0.45       0.46      Beat    2.8
 31 2022                                                
 Dec. 31 2021  0.44        0.43       0.44      Beat    1.7​
 Sep. 30 2021  0.42        0.42       0.43      Beat    2
 Jun. 30 2021  0.41        0.41       0.42      Beat    2.1
 This summary was machine generated August 2 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated