Netgear Inc Expected To Post A Loss Of 24 Cents A Share: Earnings Preview

NetGear

03/02/2025 21:54

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 5 for the
period ending December 31 2024
    * The San Jose California-based  company is expected to
report a
11.2% decrease in revenue to $167.467 million from $188.67
million a year ago, according to the estimate from one analyst,
based on LSEG data.The company's guidance on October 30 2024,
for the period ended December 31, was for revenue between
$160.00 million and $175.00 million.
    * ​LSEG's mean analyst estimate for NETGEAR Inc is for a
loss
of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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
$22.00​, below​ its last closing price of $27.65. ​​​

The company's guidance on October 30 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD-19.84 million and USD-16.45 million.
This summary was machine generated February 3 at 21:54 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)