Netgear Inc Expected To Post A Loss Of 4 Cents A Share: Earnings Preview

NetGear

24/10/2023 03:03

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The San Jose California-based  company is expected to
report  a
26.3% decrease in revenue to $183.847 million from $249.59
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on
July 26 2023, for the period ended September 30, was for revenue
between $175.00 million and $190.00 million.
    * ​Refinitiv's mean analyst estimate for NETGEAR Inc is for
a loss
of 4 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
$26​, above​ its last closing price of $10.75. ​​​

The company's guidance on July 26 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-7 million and USD-1.9 million.
This summary was machine generated October 24 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated