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

Gen Digital

01/08/2024 22:59

* Gen Digital Inc  GEN.OQ  reported quarterly adjusted
earnings of
53 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of six analysts for the quarter was
for earnings of 53 cents per share. Wall Street expected
results to range from 52 cents to 53 cents per share.
    * Revenue rose 2% to $965.00 million from a year ago;
analysts
expected $965.06 million. 
    * Gen Digital Inc's reported EPS for the quarter was 29
cents​.
    * Gen Digital Inc shares had risen by 4.0% this quarter and
gained 13.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Gen Digital Inc
is $26.00 
This summary was machine generated from LSEG data August 1 at
09:59 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
 Jun. 30 2024      0.53           0.53           Met
 Mar. 31 2024      0.52           0.53           Beat
 Dec. 31 2023      0.50           0.49           Missed
 Sep. 30 2023      0.47           0.47           Met