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

NetGear

26/07/2023 22:48

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 34
cents per share.
    * Revenue fell 22.4% to $173.14 million from a year ago;
analysts
expected $156.69 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss
of 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 639.7% 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 0.6% this quarter and
lost 21.4%
so far this year.
    * The company reported a quarterly loss of $8.59 million.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.34          -0.16          Beat
 Mar. 31 2023      -0.10          -0.19          Missed
 Dec. 31 2022      -0.08          -0.03          Beat
 Sep. 30 2022      0.08           0.21           Beat