N-Able Inc reports results for the quarter ended in December - Earnings Summary

N-Able

23/02/2024 03:04

* N-Able Inc  NABL.N  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of five analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 8 cents to 9 cents per share.
    * Revenue rose 13.2% to $108.42 million from a year ago;
analysts
expected $106.86 million. 
    * N-Able Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $9.35
million.
    * N-Able Inc shares had fallen by 3.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for N-Able Inc is
$15.25 
This summary was machine generated from LSEG data February 23 at
03:03 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.08           0.09           Beat
 Jun. 30 2023      0.07           0.09           Beat
 Mar. 31 2023      0.07           0.08           Beat