Netgear Inc Expected To Post A Loss Of 10 Cents A Share: Earnings Preview
25/04/2023 24:51
* NETGEAR Inc NTGR.OQ NTGR.O is expected to show a fall
in
quarterly revenue when it reports results on April 26.
* The San Jose California-based company is expected to
report a
7.9% decrease in revenue to $193.873 million from $210.56
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
February 1 2023, for the period ended March 31, was for revenue
between $185.00 million and $200.00 million.
* Refinitiv's mean analyst estimate for NETGEAR Inc is for
a loss
of 10 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 NETGEAR Inc
is
$23.5, above its last closing price of $17.36.
The company's guidance on February 1 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-3.7 million and USD-2 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Dec. 31 2022 -0.08 -0.08 -0.03 Beat 60.5
Sep. 30 2022 0.09 0.08 0.21 Beat 150
Jun. 30 2022 -0.24 -0.24 -0.19 Beat 20.4
Mar. 31 2022 0.11 0.10 -0.28 Missed -371
0.27
Sep. 30 2021 0.41 0.42 0.50 Beat 20.5
Jun. 30 2021 0.71 0.71 0.66 Missed -7
Mar. 31 2021 0.66 0.66 0.99 Beat 49.9
This summary was machine generated April 24 at 23:51 GMT. All
figures in US dollars unless otherwise stated