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

N-Able

08/08/2024 18:10

* N-Able Inc  NABL.N  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of five analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from 9 cents to 12 cents per share.
    * Revenue rose 12.6% to $119.45 million from a year ago;
analysts
expected $116.83 million. 
    * N-Able Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $9.46
million.
    * N-Able Inc shares had fallen by 13.1% this quarter and
lost 0.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$16.50 
This summary was machine generated from LSEG data August 8 at
05:10 p.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
 Jun. 30 2024      0.10           0.14           Beat
 Mar. 31 2024      0.09           0.11           Beat
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.08           0.09           Beat