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

NetGear

27/04/2022 22:43

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
10 cents per share.
    * Revenue fell 33.8% to $210.56 million from a year ago; 
analysts
expected $225.91 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss of
$1.95​.
    * The mean earnings estimate of analysts had fallen by
about 13.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * NETGEAR Inc shares had fallen by 10.3% this quarter and
lost 24.2% so far this year.
    * The company reported a quarterly loss of $57.21 million.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$28.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 27 at 09:43 p.m.  ​All
figures in US dollars unless otherwise stated