Netgear Inc Expected To Post A Loss Of 28 Cents A Share: Earnings Preview

NetGear

29/04/2024 21:30

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The San Jose California-based  company is expected to
report a
9.4% decrease in revenue to $163.849 million from $180.91
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
$155.00 million and $170.00 million.
    * ​LSEG's mean analyst estimate for NETGEAR Inc is for a
loss
of 28 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 26.8%
in the last three months. ​
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$23.50​, above​ its last closing price of $14.85. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-13.175 million and USD-9.35 million.
This summary was machine generated April 29 at 20:30 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)