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

• NETGEAR Inc NTGR.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of two analysts for the quarter was for a loss of 37 cents per share.

• Revenue fell 1.5% to $162.06 million from a year ago; analysts expected $152.24 million.

• NETGEAR Inc's reported EPS for the quarter was a loss of 21 cents​.

• NETGEAR Inc shares had fallen by 1.9% this quarter and lost 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 37% 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 $29.00

This summary was machine generated from LSEG data April 30 at 09:49 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)