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

NetGear

29/10/2024 03:14

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The San Jose California-based  company is expected to
report a
11.5% decrease in revenue to $175.009 million from $197.85
million a year ago, according to the estimate from one analyst,
based on LSEG data.The company's guidance on July 31 2024, for
the period ended September 30, was for revenue between $160.00
million and $175.00 million.
    * ​LSEG'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 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​, above​ its last closing price of $20.42. ​​​

The company's guidance on July 31 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-17.6 million and USD-12.8 million.
This summary was machine generated October 29 at 03:14 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)