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Stay Ahead of the Game With Gen Digital (GEN) Q1 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts forecast that Gen Digital (GEN - Free Report) will report quarterly earnings of $0.60 per share in its upcoming release, pointing to a year-over-year increase of 13.2%. It is anticipated that revenues will amount to $1.18 billion, exhibiting an increase of 22.4% compared to the year-ago quarter.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Gen Digital metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net Revenues- Cyber Safety Revenue- Direct customer revenues' of $967.44 million. The estimate points to a change of +13.8% from the year-ago quarter.
The consensus among analysts is that 'Net Revenues- Total Cyber Safety Revenue' will reach $1.09 billion. The estimate suggests a change of +15% year over year.
Based on the collective assessment of analysts, 'Net Revenues- Legacy Revenue' should arrive at $11.56 million. The estimate suggests a change of -17.5% year over year.
The consensus estimate for 'Net Revenues- Cyber Safety Revenue- Partner revenues' stands at $126.13 million. The estimate points to a change of +24.9% from the year-ago quarter.
Over the past month, Gen Digital shares have recorded returns of -3.7% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #3 (Hold), GEN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With Gen Digital (GEN) Q1 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts forecast that Gen Digital (GEN - Free Report) will report quarterly earnings of $0.60 per share in its upcoming release, pointing to a year-over-year increase of 13.2%. It is anticipated that revenues will amount to $1.18 billion, exhibiting an increase of 22.4% compared to the year-ago quarter.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Gen Digital metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net Revenues- Cyber Safety Revenue- Direct customer revenues' of $967.44 million. The estimate points to a change of +13.8% from the year-ago quarter.
The consensus among analysts is that 'Net Revenues- Total Cyber Safety Revenue' will reach $1.09 billion. The estimate suggests a change of +15% year over year.
Based on the collective assessment of analysts, 'Net Revenues- Legacy Revenue' should arrive at $11.56 million. The estimate suggests a change of -17.5% year over year.
The consensus estimate for 'Net Revenues- Cyber Safety Revenue- Partner revenues' stands at $126.13 million. The estimate points to a change of +24.9% from the year-ago quarter.
View all Key Company Metrics for Gen Digital here>>>Over the past month, Gen Digital shares have recorded returns of -3.7% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #3 (Hold), GEN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .