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Here's What Key Metrics Tell Us About Gen Digital (GEN) Q3 Earnings
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Gen Digital (GEN - Free Report) reported $953 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.8%. EPS of $0.49 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $955.8 million, representing a surprise of -0.29%. The company delivered an EPS surprise of -2.00%, with the consensus EPS estimate being $0.50.
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): $7.21 compared to the $7.31 average estimate based on two analysts.
Direct customer count: 38.9 million versus 38.59 million estimated by two analysts on average.
Net Revenues- Cyber Safety Revenue- Partner revenues: $99 million compared to the $100.49 million average estimate based on two analysts. The reported number represents a change of +4.2% year over year.
Net Revenues- Cyber Safety Revenue- Direct customer revenues: $837 million versus the two-analyst average estimate of $847.20 million. The reported number represents a year-over-year change of +2.3%.
Shares of Gen Digital have returned +4.5% over the past month versus the Zacks S&P 500 composite's +1.6% 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.
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Here's What Key Metrics Tell Us About Gen Digital (GEN) Q3 Earnings
Gen Digital (GEN - Free Report) reported $953 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.8%. EPS of $0.49 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $955.8 million, representing a surprise of -0.29%. The company delivered an EPS surprise of -2.00%, with the consensus EPS estimate being $0.50.
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): $7.21 compared to the $7.31 average estimate based on two analysts.
- Direct customer count: 38.9 million versus 38.59 million estimated by two analysts on average.
- Net Revenues- Cyber Safety Revenue- Partner revenues: $99 million compared to the $100.49 million average estimate based on two analysts. The reported number represents a change of +4.2% year over year.
- Net Revenues- Cyber Safety Revenue- Direct customer revenues: $837 million versus the two-analyst average estimate of $847.20 million. The reported number represents a year-over-year change of +2.3%.
View all Key Company Metrics for Gen Digital here>>>Shares of Gen Digital have returned +4.5% over the past month versus the Zacks S&P 500 composite's +1.6% 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.