Netgear Inc Expected To Post A Loss Of 81 Cents A Share: Earnings Preview

NetGear

30/07/2024 01:13

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The San Jose California-based  company is expected to
report a
23.2% decrease in revenue to $132.941 million from $173.14
million a year ago, according to the estimate from one analyst,
based on LSEG data.The company's guidance on May 1 2024, for the
period ended June 30, was for revenue between $125.00 million
and $140.00 million.
    * ​LSEG's mean analyst estimate for NETGEAR Inc is for a
loss
of 81 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
$15.00​, below​ its last closing price of $15.92. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD-31.25
million and USD-30.8 million.
This summary was machine generated July 30 at 00:13 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)