* NETGEAR Inc reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share.

* Revenue fell 7.6% to $182.85 million from a year ago; analysts expected $175.01 million.

* NETGEAR Inc's reported EPS for the quarter was $2.90​.

* The company reported quarterly net income of $85.07 million.

* NETGEAR Inc shares had risen by 1.9% this quarter and gained 40.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 90% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the communications & networking peer group is "hold."

Wall Street's median 12-month price target for NETGEAR Inc is 22.00 This summary was machine generated from LSEG data October 31 at 03:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.04 0.17 Beat

Jun. 30 2024 -0.81 -0.74 Beat

Mar. 31 2024 -0.28 -0.28 Met

Dec. 31 2023 0.05 0.09 Beat