Netgear Inc Reports Results For The Quarter Ended In January 1: Earnings Summary

NetGear

31/10/2024 03:00

* NETGEAR Inc  NTGR.OQ  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share. 
    * Revenue fell 7.6% to $182.85 million from a year ago;
analysts
expected $175.01 million. 
    * NETGEAR Inc's reported EPS for the quarter was $2.90​.
    * The company reported quarterly net income of $85.07
million.
    * NETGEAR Inc shares had risen by 1.9% this quarter and
gained 40.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 90% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is  "hold."

Wall Street's median 12-month price target for NETGEAR Inc is
22.00 
This summary was machine generated from LSEG data October 31 at
03:00 a.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
 Sep. 30 2024      -0.04          0.17           Beat
 Jun. 30 2024      -0.81          -0.74          Beat
 Mar. 31 2024      -0.28          -0.28          Met
 Dec. 31 2023      0.05           0.09           Beat