Gen Digital Inc expected to post earnings of 52 cents a share - Earnings Preview

Gen Digital

08/05/2024 01:50

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Tempe Arizona-based  company is expected to report a
1.8% increase in revenue to $965.025 million from $948 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on February 1 2024, for the
period ended March 31, was for revenue between $960.00 million
and $970.00 million. (SAL is on Net revenue ( Non - GAAP))
    * ​LSEG's mean analyst estimate for Gen Digital Inc is for
earnings of 52 cents per share. The company's EPS guidance on
February 1 2024, for the period ended March 31, was between
$0.52 and $0.54 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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 $26.75​, above​ its last closing price of $19.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.50        0.50       0.49      Missed  -1.6
 Jan. 1 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.        0.43        0.43       0.45      Beat    5.5
 31 2022                                                
 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
 This summary was machine generated May 8 at 00:50 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)