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Gen Digital (GEN)
NASDAQ:GEN
Holding GEN?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.55Last Year’s EPS
$0.49Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 3.86%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for Gen, with significant growth in bookings, EPS, and customer base. The company is experiencing strong demand in the identity protection segment, particularly due to recent data breaches. However, challenges such as the decline in legacy business lines and high advertising costs were noted. Despite these challenges, the positive aspects of growth and customer retention indicate a favorable performance.Company Guidance
During the Q2 2025 earnings call for Gen Digital, the company provided updated guidance reflecting strong financial performance and growth. The executives highlighted a mid-single-digit bookings growth of 5%, the highest since their Avast acquisition, and a 16% increase in earnings per share. They also reported an increase of 400,000 direct paying customers, bringing the total to a record 39.7 million. The company raised its full-year guidance, expecting revenue between $3.905 billion to $3.93 billion, translating to a 3% to 4% growth in cyber safety, with expected EPS growth between 12% to 15%. Additionally, the company noted the impact of the U.S. National Public data breach, emphasizing the increased demand for identity protection services. Investments in AI and product innovation, particularly their Genie anti-scam product, were also discussed as strategic priorities to drive future growth.Mid-Single-Digit Bookings Growth
Gen delivered mid-single-digit bookings growth of 5%, the highest growth rate since the Avast acquisition.
Earnings Per Share Growth
Achieved a double-digit earnings per share growth of 16% year-over-year.
Increase in Direct Paying Customers
Grew direct paying customers by 400,000, reaching a total of 39.7 million.
Strong Performance in Identity Segment
Identity bookings were up 8% year-over-year, driven by increased consumer awareness and demand for identity theft protection.
Partner Revenue Growth
Partner revenue was $102 million in Q2, up 7% year-over-year as reported and up 8% in constant currency.
Q2 Revenue and Profitability
Q2 revenue was $974 million, up 3% year-over-year, with an operating margin of 58.2%.
Positive Customer Retention
Direct retention rate improved by 1 point year-over-year to 78%.
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GEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $26.80 | $28.99 | +8.17% |
| Aug 01, 2024 | $25.01 | $24.93 | -0.32% |
| May 09, 2024 | $20.05 | $23.13 | +15.36% |
| Feb 01, 2024 | $23.45 | $20.81 | -11.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gen Digital (GEN) report earnings?
Gen Digital (GEN) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Gen Digital (GEN) earnings time?
Gen Digital (GEN) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEN EPS forecast?
GEN EPS forecast for the fiscal quarter 2025 (Q3) is $0.55.
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