Core Viewpoint - Wall Street analysts expect Gen Digital (GEN) to report quarterly earnings of $0.60 per share, reflecting a year-over-year increase of 13.2%, with revenues projected at $1.18 billion, a 22.4% increase compared to the previous year [1]. Group 1: Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 0.9% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Group 2: Revenue Estimates - Analysts estimate 'Net Revenues- Cyber Safety Revenue- Direct customer revenues' to be $967.44 million, representing a 13.8% increase year-over-year [5]. - The consensus for 'Net Revenues- Total Cyber Safety Revenue' is projected to reach $1.09 billion, indicating a 15% year-over-year change [5]. - 'Net Revenues- Legacy Revenue' is expected to be $11.56 million, reflecting a decline of 17.5% year-over-year [6]. - The estimate for 'Net Revenues- Cyber Safety Revenue- Partner revenues' stands at $126.13 million, suggesting a 24.9% increase from the year-ago quarter [6]. Group 3: Stock Performance - Over the past month, Gen Digital shares have decreased by 3.7%, while the Zacks S&P 500 composite has increased by 1% [6]. - Gen Digital holds a Zacks Rank 3 (Hold), indicating that its performance is likely to align with the overall market in the near term [6].
Stay Ahead of the Game With Gen Digital (GEN) Q1 Earnings: Wall Street's Insights on Key Metrics