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

NetGear

25/10/2023 23:25

* NETGEAR Inc  NTGR.OQ  reported quarterly adjusted earnings
of 23
cents​​ per share for the quarter ended in September. The mean
expectation of two analysts for the quarter was for a loss of 4
cents per share.
    * Revenue fell 20.7% to $197.85 million from a year ago;
analysts
expected $183.85 million. 
    * NETGEAR Inc's reported EPS for the quarter was a loss of
$2.87​.
    * The mean earnings estimate of analysts had risen by
about 25% 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 13.1% this quarter and
lost 39.6% so far this year.
    * The company reported a quarterly loss of $84.8 million.
    * Wall Street's median 12-month price target for NETGEAR Inc
is
$26.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.04          0.23           Beat
 Jun. 30 2023      -0.34          -0.16          Beat
 Mar. 31 2023      -0.10          -0.19          Missed
 Dec. 31 2022      -0.08          -0.03          Beat