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GEN expects fiscal third-quarter non-GAAP revenues of $980-$990 million. The Zacks Consensus Estimate for revenues is pegged at $985.7 million, indicating 3.4% year-over-year growth.
For the fiscal third quarter, Gen Digital expects non-GAAP earnings in the range of 54-56 cents per share. The consensus mark for the same is pegged at 55 cents per share, unchanged for the past 60 days, suggesting a year-over-year rise of 12.2%.
In the trailing four quarters, GEN’s earnings beat the Zacks Consensus Estimate once, missed once and matched twice, with the negative average surprise being 0.02%.
Gen Digital’s performance in the third quarter of fiscal 2025 is likely to have benefited from the rising demand for cybersecurity products, spurred by a dramatic increase in global hacking incidents. The company’s unwavering commitment to delivering top-notch solutions that address security, identity and privacy needs is expected to have added more clients in the to-be-reported quarter. In the second quarter, Gen Digital’s average direct paying customers count increased by 400,000 to an impressive 39.7 million.
Gen Digital’s third-quarter fiscal 2025 performance is likely to have benefited from the rise in the demand for cybersecurity-related products, driven by a massive increase in global hacking events. GEN’s persistent effort to offer innovative solutions that meet the consumer needs for security, identity and privacy is enabling the company to gain new clients.
The launch of Norton Small Business Premium, a comprehensive cybersecurity solution with 24/7 tech support, financial monitoring and social media monitoring, is likely to have boosted sales in the upcoming quarter. Our third-quarter estimate for Gen Digital’s Consumer Security segment’s revenues is pegged at $621.1 million, indicating a year-over-year increase of 3.2%. Our estimate of $351.9 million for the Identity and Information Protection division implies growth of 5.4% from the year-ago quarter.
Robust demand for identity theft protection solutions, dark web monitoring, social media monitoring, stolen wallet assistant and ID restoration is expected to have been positive for the quarter under review. An increase in client bookings, supported by strong retention, international expansion and strategic partnerships is likely to have aided top-line growth in the fiscal third quarter.
Nonetheless, GEN’s fiscal third-quarter performance is likely to be impacted by the decline in IT spending. The combination of persistently high interest rates and continuing inflation is expected to have affected consumer spending. Additionally, enterprises are deferring their substantial IT investments due to a faltering global economy, which is compounded by ongoing macroeconomic and geopolitical challenges.
What Our Proven Model Says for GEN’s Q3 Earnings
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
GEN has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
It is set to report second-quarter fiscal 2025 results on Feb. 6. The Zacks Consensus Estimate for BILL’s second-quarter fiscal 2025 earnings are pegged at 48 cents per share, up by a penny over the past 60 days, indicating a fall of 23.8% from the year-ago quarter’s reported figure. BILL shares have gained 17.4% over the past year.
ServiceNow (NOW - Free Report) has an Earnings ESP of +0.91% and carries a Zacks Rank #2 at present.
It is set to report fourth-quarter results on Jan. 29. The Zacks Consensus Estimate for NOW’s fourth-quarter 2024 earnings per share is pegged at $3.58, up by a couple of pennies over the past 60 days. NOW shares have risen 42.9% over the past year.
DoorDash (DASH - Free Report) has an Earnings ESP of +35.67% and carries a Zacks Rank #2 at present.
It is set to report fourth-quarter 2024 results on Feb. 11. The Zacks Consensus Estimate for DASH’s fourth-quarter earnings is pegged at 35 cents per share, up by a penny over the past 60 days, indicating a rise of 189.7% from the year-ago quarter’s reported figure. DASH shares have surged 65.9% over the past year.
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Gen Digital to Report Q3 Earnings: What's in Store for the Stock?
Gen Digital Inc. (GEN - Free Report) is scheduled to report third-quarter fiscal 2025 results on Jan. 30, after market close.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
GEN expects fiscal third-quarter non-GAAP revenues of $980-$990 million. The Zacks Consensus Estimate for revenues is pegged at $985.7 million, indicating 3.4% year-over-year growth.
For the fiscal third quarter, Gen Digital expects non-GAAP earnings in the range of 54-56 cents per share. The consensus mark for the same is pegged at 55 cents per share, unchanged for the past 60 days, suggesting a year-over-year rise of 12.2%.
In the trailing four quarters, GEN’s earnings beat the Zacks Consensus Estimate once, missed once and matched twice, with the negative average surprise being 0.02%.
Gen Digital Inc. Price and EPS Surprise
Gen Digital Inc. price-eps-surprise | Gen Digital Inc. Quote
Factors to Consider for GEN
Gen Digital’s performance in the third quarter of fiscal 2025 is likely to have benefited from the rising demand for cybersecurity products, spurred by a dramatic increase in global hacking incidents. The company’s unwavering commitment to delivering top-notch solutions that address security, identity and privacy needs is expected to have added more clients in the to-be-reported quarter. In the second quarter, Gen Digital’s average direct paying customers count increased by 400,000 to an impressive 39.7 million.
Gen Digital’s third-quarter fiscal 2025 performance is likely to have benefited from the rise in the demand for cybersecurity-related products, driven by a massive increase in global hacking events. GEN’s persistent effort to offer innovative solutions that meet the consumer needs for security, identity and privacy is enabling the company to gain new clients.
The launch of Norton Small Business Premium, a comprehensive cybersecurity solution with 24/7 tech support, financial monitoring and social media monitoring, is likely to have boosted sales in the upcoming quarter. Our third-quarter estimate for Gen Digital’s Consumer Security segment’s revenues is pegged at $621.1 million, indicating a year-over-year increase of 3.2%. Our estimate of $351.9 million for the Identity and Information Protection division implies growth of 5.4% from the year-ago quarter.
Robust demand for identity theft protection solutions, dark web monitoring, social media monitoring, stolen wallet assistant and ID restoration is expected to have been positive for the quarter under review. An increase in client bookings, supported by strong retention, international expansion and strategic partnerships is likely to have aided top-line growth in the fiscal third quarter.
Nonetheless, GEN’s fiscal third-quarter performance is likely to be impacted by the decline in IT spending. The combination of persistently high interest rates and continuing inflation is expected to have affected consumer spending. Additionally, enterprises are deferring their substantial IT investments due to a faltering global economy, which is compounded by ongoing macroeconomic and geopolitical challenges.
What Our Proven Model Says for GEN’s Q3 Earnings
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
GEN has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
BILL Holdings, Inc. (BILL - Free Report) has an Earnings ESP of +29.71% and flaunts a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
It is set to report second-quarter fiscal 2025 results on Feb. 6. The Zacks Consensus Estimate for BILL’s second-quarter fiscal 2025 earnings are pegged at 48 cents per share, up by a penny over the past 60 days, indicating a fall of 23.8% from the year-ago quarter’s reported figure. BILL shares have gained 17.4% over the past year.
ServiceNow (NOW - Free Report) has an Earnings ESP of +0.91% and carries a Zacks Rank #2 at present.
It is set to report fourth-quarter results on Jan. 29. The Zacks Consensus Estimate for NOW’s fourth-quarter 2024 earnings per share is pegged at $3.58, up by a couple of pennies over the past 60 days. NOW shares have risen 42.9% over the past year.
DoorDash (DASH - Free Report) has an Earnings ESP of +35.67% and carries a Zacks Rank #2 at present.
It is set to report fourth-quarter 2024 results on Feb. 11. The Zacks Consensus Estimate for DASH’s fourth-quarter earnings is pegged at 35 cents per share, up by a penny over the past 60 days, indicating a rise of 189.7% from the year-ago quarter’s reported figure. DASH shares have surged 65.9% over the past year.