Gen Digital Inc expected to post earnings of 53 cents a share - Earnings Preview

Gen Digital

31/07/2024 24:56

* Gen Digital Inc  GEN.OQ   GEN.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Tempe Arizona-based  company is expected to report a
2.0% increase in revenue to $965.058 million from $946 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $960.00 million
and $970.00 million.
    * ​LSEG's mean analyst estimate for Gen Digital Inc is for
earnings of 53 cents per share. The company's EPS guidance on
May 9 2024, for the period ended June 30, was between $0.52 and
$0.54 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 $26.00​, above​ its last closing price of $25.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024              0.52       0.53      Beat    2.3
 Dec. 31 2024              0.50       0.49      Missed  -1.6
 Jan. 1 0001   0.47        0.47       0.47      Met     ​
 Jan. 1 0001   0.46                   0.46              2.2
 ​​Mar.        0.43                   0.46              5.3
 31 2023                                                
 Jan. 1 0001               0.43       0.45      Beat    5.5​
 Sep. 30 2022  0.44        0.45       0.45      Met     5.5
 Jun. 30 2022  0.43        0.43       0.45      Beat    5.5
 This summary was machine generated July 30 at 23:56 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)