Netscout Systems Inc reports results for the quarter ended in June - Earnings Summary

NetScout Systems

25/07/2024 13:31

* Netscout Systems Inc  NTCT.OQ  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 31 cents.  The mean expectation of three analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 11 cents to 13 cents per share.
    * Revenue fell 17.3% to $174.57 million from a year ago;
analysts
expected $168.48 million. 
    * Netscout Systems Inc's reported EPS for the quarter was a
loss
of $6.20​.
    * The company reported a quarterly loss of $443.38 million.
    * Netscout Systems Inc shares had fallen by 0.2% this
quarter and
lost 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 68%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Netscout Systems
Inc is $22.75 
This summary was machine generated from LSEG data July 25 at
12:31 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      0.12           0.28           Beat
 Mar. 31 2024      0.53           0.55           Beat
 Dec. 31 2023      0.37           0.73           Beat
 Sep. 30 2023      0.54           0.61           Beat