NETGEAR Inc reports results for the quarter ended December 31 - Earnings Summary

• NETGEAR Inc NTGR.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of two analysts for the quarter was for a loss of 24 cents per share.

• Revenue fell 3.3% to $182.42 million from a year ago; analysts expected $167.47 million.

• NETGEAR Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $8.89 million.

• NETGEAR Inc shares had risen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the communications & networking peer group is "hold."

Wall Street's median 12-month price target for NETGEAR Inc is $22.00

This summary was machine generated from LSEG data February 5 at 10:48 p.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)