Here's What to Expect From Gen Digital's Next Earnings…

Here's What to Expect From Gen Digital's Next Earnings Report

Gen Digital Inc. (GEN), headquartered in Tempe, Arizona, provides cyber safety solutions for consumers. Valued at $15.95 billion by market cap, the company’s solutions enable consumers to protect their devices, online privacy, identity, and home networks through its Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. It provides its products and services in cybersecurity, online privacy, and identity protection to nearly 500 million users in more than 150 countries. The cybersecurity major is expected to announce its fiscal first-quarter earnings for 2025 after the market closes on Monday, Aug. 1.

Ahead of the event, analysts expect GEN to report a profit of $0.49 per share on a diluted basis, up 16.7% from $0.42 per share in the year-ago quarter. The company has beaten or matched Wall Street’s EPS estimates in its last four quarterly reports.

For fiscal 2025, analysts expect GEN to report EPS of $2.04, up 13.3% from $1.80 in fiscal 2023.

GEN stock has outperformed the S&P 500’s ($SPX) 22.4% gains over the past 52 weeks, with shares up 33.2% during this period. Similarly, it outshined the S&P 500 Technology Sector SPDR’s (XLK) 27.4% gains over the same time frame.

On Jun. 7, GEN shares closed down more than 2% after Morgan Stanley downgraded the stock to Equal Weight from Overweight.

On May 10, GEN shares rose more than 15% after reporting its Q4 results. Its revenue rose 2% year-over-year to $967 million, beating Wall Street estimates of $965 million. Its total bookings increased 2% over the prior-year quarter to $1.04 billion. The company’s non-GAAP net income increased 13.5% year-over-year to $336 million, and its non-GAAP EPS rose 15.2% year-over-year to $0.53 per share, surpassing the consensus estimates of $0.52 per share.

GEN’s board of directors authorized a $3 billion share-repurchase program, including the remaining $429 million authorization. For fiscal 2025, GEN’s revenue is expected to be between $3.89 billion and $3.93 billion, and its EPS is expected between $2.17 and $2.23. The company expects its Q1 revenue to be between $960 million and $970 million and EPS between $0.52 and $0.54.

Analysts’ consensus opinion on GEN stock is bullish, with a “Moderate Buy” rating overall. Out of six analysts covering the stock, three advise a “Strong Buy” rating, and three recommend a “Hold.” The average analyst price target for GEN is $26.80, indicating a 5.2% potential upside from the current levels.

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On the date of publication, Dipanjan Banchur did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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