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Netgear (NTGR)
NASDAQ:NTGR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.24Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 31.38%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. The company exceeded revenue and profitability expectations, demonstrated strong growth in the ProAV business, and achieved significant inventory reduction and cash flow improvement. However, challenges remain with declining CHP revenue, gross margin pressures, and a cautious Q4 outlook.Company Guidance
During the Q3 2024 earnings call for NETGEAR, the company provided detailed guidance for Q4, projecting net revenue between $160 million and $175 million. Despite challenges, including the Red Sea shipping crisis and anticipated promotional activities in the retail sector, NETGEAR expects its NFB segment to continue growing, particularly in its ProAV line. The firm highlighted its successful Q3, with revenue reaching $182.9 million, a 27.1% sequential increase, and achieving profitability through strategic inventory management and a significant $100 million cash increase from a legal settlement with TP-Link. The CFO, Bryan Murray, noted that the non-GAAP operating margins are expected to range from negative 8% to negative 5%, emphasizing ongoing efforts to stabilize the business and improve future financial performance.Above Guidance Revenue and Profitability
Q3 revenue was $182.9 million, up 27.1% sequentially, exceeding guidance. The company returned to profitability with non-GAAP net income of $5.1 million.
ProAV Business Growth
ProAV business had another record quarter, contributing to a 10% year-over-year growth in NFB business, driven by strong growth in North America and APAC.
Inventory Reduction and Cash Flow
Achieved a $27 million reduction in inventory and increased cash balance by $100 million, largely due to a significant IP litigation settlement.
Innovative Product Launches
Launched several market-leading products, including the M7 Pro, the industry's first mobile hotspot combining 5G and WiFi 7, and several WiFi 7 home networking products.
Recurring Revenue Growth
Ended the quarter with approximately 555,000 recurring revenue subscribers, with recurring revenue growing 22% year-over-year.
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NTGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $20.68 | $21.92 | +6.00% |
| Jul 31, 2024 | $15.88 | $16.43 | +3.46% |
| May 01, 2024 | $14.94 | $11.78 | -21.15% |
| Feb 07, 2024 | $14.32 | $13.20 | -7.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Netgear (NTGR) report earnings?
Netgear (NTGR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Netgear (NTGR) earnings time?
Netgear (NTGR) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTGR EPS forecast?
NTGR EPS forecast for the fiscal quarter 2024 (Q4) is -0.24.
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