Earnings Preview: Extreme Networks

Loading...
Loading...

Extreme Networks EXTR is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement.

Analysts estimate that Extreme Networks will report an earnings per share (EPS) of $0.24.

Extreme Networks bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 7.85% increase in the share price the next day.

Here's a look at Extreme Networks's past performance and the resulting price change:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 0.17 0.14 0.18 0.17
EPS Actual 0.20 0.15 0.21 0.21
Price Change % 7.85% 13.08% 4.57% -0.66%

Stock Performance

Shares of Extreme Networks were trading at $19.63 as of January 23. Over the last 52-week period, shares are up 57.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Extreme Networks visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-EP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...