Netgear Inc Expected To Post Earnings Of 5 Cents A Share: Earnings Preview

NetGear

05/02/2024 22:15

* NETGEAR Inc  NTGR.OQ   NTGR.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
25.7% decrease in revenue to $185.143 million from $249.1
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended December 31, was for revenue
between $179.00 million and $189.00 million.
    * ​LSEG's mean analyst estimate for NETGEAR Inc is for
earnings of
5 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
$23.50​, above​ its last closing price of $14.55. ​​​

This summary was machine generated February 5 at 22:15 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)