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

NetGear

07/02/2024 23:21

* NETGEAR Inc  NTGR.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share. Wall Street expected
results to range from 4 cents to 5 cents per share.
    * Revenue fell 24.3% to $188.67 million from a year ago;
analysts
expected $185.14 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $1.67 million.
    * NETGEAR Inc shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$23.50 

This summary was machine generated from LSEG data February 7 at
11:21 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      -0.04          0.23           Beat
 Jun. 30 2023      -0.34          -0.16          Beat
 Mar. 31 2023      -0.10          -0.19          Missed