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

NetGear

02/05/2024 02:08

* NETGEAR Inc  NTGR.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -19
cents.  The mean expectation of two analysts for the quarter was
for a loss of 28 cents per share.  -28 cents per share.
    * Revenue fell 9% to $164.59 million from a year ago;
analysts
expected $163.85 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss
of 63
cents​.
    * The company reported a quarterly loss of $18.65 million.
    * NETGEAR Inc shares had fallen by 6.3% this quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 94.2%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for NETGEAR Inc is
$23.50 
This summary was machine generated from LSEG data May 2 at 01:08
a.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
 Mar. 31 2024      -0.28          -0.28          Met
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      -0.04          0.23           Beat
 Jun. 30 2023      -0.34          -0.16          Beat