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

N-Able

09/05/2024 14:52

* N-Able Inc  NABL.N  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of five analysts for the quarter
was for earnings of 9 cents per share. Wall Street expected
results to range from 9 cents to 10 cents per share.
    * Revenue rose 14% to $113.75 million from a year ago;
analysts
expected $111.43 million. 
    * N-Able Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $7.46
million.
    * N-Able Inc shares had fallen by 3.1% this quarter and
lost 4.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
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." 
    * Wall Street's median 12-month price target for N-Able Inc
is
$16.50 

This summary was machine generated from LSEG data May 9 at 01:52
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
 Mar. 31 2024      0.09           0.11           Beat
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.08           0.09           Beat
 Jun. 30 2023      0.07           0.09           Beat