Netgear Inc Reports Results For The Quarter Ended In December: Earnings Summary

NetGear

01/02/2023 22:02

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for a loss
of 8 cents per share.
    * Revenue fell 0.8% to $249.10 million from a year ago;
analysts
expected $243.52 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * NETGEAR Inc shares had risen by 10.3% this quarter.
    * The company reported a quarterly loss of $6.04 million.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$23.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
1 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.08          -0.03          Beat
 Sep. 30 2022      0.08           0.21           Beat
 Jun. 30 2022      -0.24          -0.19          Beat
 Mar. 31 2022      0.10           -0.28          Missed