Netscout Systems Inc expected to post earnings of 12 cents a share - Earnings Preview

NetScout Systems

23/07/2024 16:24

* Netscout Systems Inc  NTCT.OQ   NTCT.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 25
for the period ending June 30 2024
    * The Westford Massachusetts-based  company is expected to
report
a 20.2% decrease in revenue to $168.475 million from $211.14
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$165.00 million and $175.00 million.
    * ​LSEG's mean analyst estimate for Netscout Systems Inc is
for
earnings of 12 cents per share. The company's EPS guidance on
May 9 2024, for the period ended June 30, was between $0.08 and
$0.17 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Netscout
Systems
Inc is $22.75​, above​ its last closing price of $18.19. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.53        0.53       0.55      Beat    4.8
 Dec. 31 2024  0.37        0.37       0.73      Beat    95.5
 Sep. 30 2023  0.55        0.54       0.61      Beat    12.3​
 Jun. 30 2023  0.30        0.30       0.31      Beat    2.2
 ​​Mar.        0.28        0.28       0.38      Beat    37.3
 31 2023                                                
 Dec. 31 2022  0.68        0.68       1.00      Beat    47.1​
 Sep. 30 2022  0.49        0.49       0.57      Beat    16.3
 Jun. 30 2022  0.22        0.22       0.24      Beat    9.1
 This summary was machine generated July 23 at 15:24 GMT.  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)