Netgear Inc Expected To Post Earnings Of 10 Cents A Share: Earnings Preview

NetGear

15/04/2022 21:54

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 19
(estimated). 
    * The San Jose California-based  company is expected to
report  a
26.6% decrease in revenue to $233.419 million from $317.93
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for NETGEAR Inc is for
earnings of 10 cents per share. For the same quarter last year,
the company reported earnings of 99 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The average consensus recommendation for
the communications &
networking peer group is also "Hold".​
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$28​, above​ its last closing price of $22.55. ​​​

This summary was machine generated April 15 at 20:54 GMT.  All
figures in US dollars  unless otherwise stated