Extreme Networks (NAS: EXTR) is expected to report Q1 earnings on Oct. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Extreme Networks's revenues will shrink -0.4% and EPS will compress -40.0%.
The average estimate for revenue is $78.6 million. On the bottom line, the average EPS estimate is $0.03.
Last quarter, Extreme Networks booked revenue of $87.6 million. GAAP reported sales were 2.4% lower than the prior-year quarter's $89.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.08. GAAP EPS were $0.08 for Q4 compared to -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 55.7%, 440 basis points worse than the prior-year quarter. Operating margin was 6.3%, 70 basis points worse than the prior-year quarter. Net margin was 8.9%, 1,120 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $331.5 million. The average EPS estimate is $0.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 115 members out of 122 rating the stock outperform, and seven members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Extreme Networks a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Extreme Networks is outperform, with an average price target of $5.17.
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The article What to Expect from Extreme Networks originally appeared on Fool.com.
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