NETGEAR Inc reports results for the quarter ended June 30 - Earnings Summary

• NETGEAR Inc NTGR.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -74 cents. The lone analyst forecast for the quarter was for a loss of 15 cents per share.

• Revenue rose 18.5% to $170.53 million from a year ago; analysts expected $162.06 million.

• NETGEAR Inc's reported EPS for the quarter was a loss of 22 cents​.

• NETGEAR Inc shares had fallen by 13.7% this quarter and lost 10.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 48.3% 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 also "buy"

• Wall Street's median 12-month price target for NETGEAR Inc is $29.00, about 13.5% above its last closing price of $25.09

This summary was machine generated from LSEG data July 30 at 09:01 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)