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

NetGear

27/07/2022 22:03

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 24 cents per share.
    * Revenue fell 27.7% to $223.22 million from a year ago;
analysts
expected $209.78 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 521.2% 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 6.6% this quarter and
lost 32.4%
so far this year.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$24.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 27
at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.24          -0.19          Beat
 Mar. 31 2022      0.10           -0.28          Missed
                                  0.27           
 Sep. 30 2021      0.42           0.50           Beat