* Extreme Networks Inc is expected to show a fall in quarterly revenue when it reports results on May 1 for the period ending March 31 2024
* The Morrisville North Carolina-based company is expected to report a 38.5% decrease in revenue to $204.634 million from $332.5 million a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on January 31 2024, for the period ended March 31, was for revenue between 200.00 million and 210.00 million. (Revenue is on Total Revenue Basis)
* LSEG's mean analyst estimate for Extreme Networks Inc is for a loss of 18 cents per share. The company's EPS guidance on January 31 2024, for the period ended March 31, was between -0.22 and -0.17
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Extreme Networks Inc is $14.50, above its last closing price of $11.60.
The company's guidance on January 31 2024 for the period ended March 31 was for Earnings before Interest and Taxes between -26.8 million and -20.58 million.The company's guidance on January 31 2024 for the period ended March 31 was for gross profit margin between 59.5% and 61.5%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.23 0.25 0.24 Missed -3.1
Sep. 30 2023 0.32 0.32 0.35 Beat 10.5
Jan. 1 0001 0.32 0.31 0.33 Beat 4.8
Jan. 1 0001 0.26 0.26 0.29 Beat 12.1
Jan. 0.23 0.24 0.27 Beat 14.6
1 0001
Sep. 30 2022 0.17 0.17 0.20 Beat 17.6
Jun. 30 2022 0.14 0.15 0.15 Met 3.4
Mar. 31 2022 0.18 0.18 0.21 Beat 15.4
This summary was machine generated April 29 at 13:04 GMT. 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)
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