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

Gen Digital

09/05/2024 22:45

* Gen Digital Inc  GEN.OQ  reported quarterly adjusted
earnings of
53 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 46 cents.  The mean expectation of six analysts for the
quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 51 cents to 52 cents per share.
    * Revenue rose 2% to $967.00 million from a year ago;
analysts
expected $965.03 million. 
    * Gen Digital Inc's reported EPS for the quarter was 21
cents​.
    * Gen Digital Inc shares had fallen by 10.6% this
quarter and
lost 12.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Gen Digital Inc
is $26.75 
This summary was machine generated from LSEG data May 9 at 09:45
p.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
 Mar. 31 2024      0.52           0.53           Beat
 Dec. 31 2023                     0.49           
 Sep. 30 2023      0.47           0.47           Met
 Jun. 30 2023      0.46           0.47           Beat