Gen Digital (GEN) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Gen Digital (GEN) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and showing an increase from $0.49 per share a year ago, indicating a positive earnings surprise of 1.82% [1] Financial Performance - The company achieved revenues of $986 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.03%, and up from $953 million in the same quarter last year [2] - Over the last four quarters, Gen Digital has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - Gen Digital shares have increased by approximately 0.9% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $1 billion, and for the current fiscal year, it is $2.19 on revenues of $3.93 billion [7] - The estimate revisions trend for Gen Digital is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Technology Services industry, to which Gen Digital belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]