Netgear Inc Expected To Post A Loss Of 34 Cents A Share: Earnings Preview

NetGear

25/07/2023 03:01

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 26. 
    * The San Jose California-based  company is expected to
report  a
29.8% decrease in revenue to $156.685 million from $223.22
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on
April 26 2023, for the period ended June 30, was for revenue
between $150.00 million and $165.00 million.
    * ​Refinitiv's mean analyst estimate for NETGEAR Inc is for
a loss
of 34 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$24​, above​ its last closing price of $14.24. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD-13.5 million and USD-9.9 million.
This summary was machine generated July 25 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated