For the quarter ended September 2023, Gen Digital (GEN - Free Report) reported revenue of $955 million, up 27.7% over the same period last year. EPS came in at $0.47, compared to $0.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $942.87 million, representing a surprise of +1.29%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.47.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gen Digital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Direct average revenue per user (ARPU): $7.28 compared to the $7.30 average estimate based on two analysts.
- Average direct customer count: 38.5 million versus 38.2 million estimated by two analysts on average.
- Partner revenues: $95 million compared to the $96.96 million average estimate based on two analysts. The reported number represents a change of +28.4% year over year.
- Direct customer revenues: $837 million compared to the $885.53 million average estimate based on two analysts. The reported number represents a change of +26.8% year over year.
View all Key Company Metrics for Gen Digital here>>>Shares of Gen Digital have returned +0.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
For the quarter ended September 2023, Gen Digital (GEN - Free Report) reported revenue of $955 million, up 27.7% over the same period last year. EPS came in at $0.47, compared to $0.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $942.87 million, representing a surprise of +1.29%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.47.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gen Digital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Direct average revenue per user (ARPU): $7.28 compared to the $7.30 average estimate based on two analysts.
- Average direct customer count: 38.5 million versus 38.2 million estimated by two analysts on average.
- Partner revenues: $95 million compared to the $96.96 million average estimate based on two analysts. The reported number represents a change of +28.4% year over year.
- Direct customer revenues: $837 million compared to the $885.53 million average estimate based on two analysts. The reported number represents a change of +26.8% year over year.
View all Key Company Metrics for Gen Digital here>>>Shares of Gen Digital have returned +0.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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