Gen Digital Inc expected to post earnings of 50 cents a share - Earnings Preview

Gen Digital

30/01/2024 21:30

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 1 for the
period ending December 31 2023
    * The Tempe Arizona-based  company is expected to report a
2.2% increase in revenue to $956.198 million from $936 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on November 7 2023, for the
period ended December 31, was for revenue between $950.00
million and $960.00 million. (SAL is on Net revenue ( Non -
GAAP))
    * ​LSEG's mean analyst estimate for Gen Digital Inc is for
earnings of 50 cents per share. The company's EPS guidance on
November 7 2023, for the period ended December 31, was between
$0.49 and $0.51 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Gen Digital
Inc
is $27.00​, above​ its last closing price of $24.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.47        0.47       0.47      Met     -0.2
 Jun. 30 2023  0.46        0.46       0.47      Beat    2.2
 Mar. 31 2023  0.43        0.44       0.46      Beat    5.3​
 Dec. 31 2022  0.43        0.43       0.45      Beat    5.5
 ​​Sep.        0.44        0.45       0.45      Met     1.1
 30 2022                                                
 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
 This summary was machine generated January 30 at 21:30 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)