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

NetGear

26/10/2022 22:01

* NETGEAR Inc  NTGR.OQ  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended in September. The mean
expectation of three analysts for the quarter was for earnings
of 8 cents per share.
    * Revenue fell 14% to $249.59 million from a year ago;
analysts
expected $244.55 million. 
    * NETGEAR Inc's reported EPS for the quarter was 10 cents​.
    * The mean earnings estimate of analysts had risen by
about 25,554.5% in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * NETGEAR Inc shares had risen by 8.6% this quarter and
lost 25.5%
so far this year.
    * The company reported quarterly net income of $2.8 million.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$24.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.08           0.21           Beat
 Jun. 30 2022      -0.24          -0.19          Beat
 Mar. 31 2022      0.10           -0.28          Missed
                                  0.27