Netgear's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Netgear (NASDAQ:NTGR) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The stock is currently trading at $10.75, down 49.11% over the last 52-week period.
October 24, 2023 | 6:02 pm
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NEGATIVE IMPACT
Netgear's upcoming earnings report could potentially impact its stock price. Despite beating EPS estimates in the past, the company's share price has typically dropped following earnings reports.
Netgear's stock price has historically dropped following earnings reports, despite beating EPS estimates. This trend, combined with the current negative returns, could potentially lead to a further decrease in the stock price following the upcoming earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100