Gen Digital Inc reports results for the quarter ended in December - Earnings Summary

Gen Digital

02/02/2024 08:42

* Gen Digital Inc  GEN.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of five analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 49 cents to 51 cents per share.
    * Revenue rose 1.6% to $951.00 million from a year ago;
analysts
expected $956.20 million. 
    * Gen Digital Inc's reported EPS for the quarter was 22
cents​.
    * Gen Digital Inc shares had risen by 4.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Gen Digital
Inc
is $27.00 

This summary was machine generated from LSEG data February 2 at
08:42 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.50           0.49           Missed
 Sep. 30 2023      0.47           0.47           Met
 Jun. 30 2023      0.46           0.47           Beat
 Mar. 31 2023      0.44           0.46           Beat