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

NetGear

26/04/2023 22:03

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue fell 14.1% to $180.91 million from a year ago;
analysts
expected $193.87 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 96.7%
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 fallen by 9.8% this quarter and
lost 7.8%
so far this year.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$23.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          -0.19          Missed
 Dec. 31 2022      -0.08          -0.03          Beat
 Sep. 30 2022      0.08           0.21           Beat
 Jun. 30 2022      -0.24          -0.19          Beat