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

NetGear

31/07/2024 22:02

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 74
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -16
cents.  The lone analyst forecast for the quarter was for a loss
of 81 cents per share. 
    * Revenue fell 16.9% to $143.90 million from a year ago;
analysts
expected $132.94 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss of
$1.56​.
    * The company reported a quarterly loss of $45.18 million.
    * NETGEAR Inc shares had risen by 4.8% this quarter and
gained 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75.3%
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
$15.00 
This summary was machine generated from LSEG data July 31 at
09:02 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
 Jun. 30 2024      -0.81          -0.74          Beat
 Mar. 31 2024      -0.28          -0.28          Met
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      -0.04          0.23           Beat