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

NetGear

21/04/2021 22:13

* NETGEAR Inc  NTGR.OQ  reported quarterly adjusted earnings of
99 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
66 cents per share.
* Revenue rose 38.3% to $317.93 million from a year ago​; 
analysts expected $310.21 million.
* NETGEAR Inc's reported EPS for the quarter was 72 cents​.
* The mean earnings estimate of analysts had risen by about 9.3%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* NETGEAR Inc shares had fallen by 8.6% this quarter and
lost 7.6% so far this year.
* The company reported quarterly net income of $22.96 million.
* Wall Street's median 12-month price target for NETGEAR Inc is
$47.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated April 21 at 09:13 p.m. GMT.
​All figures in US Dollars.​