Netscout Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

NetScout Systems

24/10/2024 17:07

* Netscout Systems Inc  NTCT.OQ  reported quarterly adjusted
earnings of 47 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 61 cents.  The mean expectation of
three analysts for the quarter was for earnings of 45 cents per
share. 
    * Revenue fell 2.9% to $191.11 million from a year ago;
analysts
expected $188.42 million. 
    * Netscout Systems Inc's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $9.03
million.
    * Netscout Systems Inc shares had fallen by 3.9% this
quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
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 1 "strong buy" or "buy," 2
"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 21.78 
This summary was machine generated from LSEG data October 24 at
04:06 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
 Sep. 30 2024      0.45           0.47           Beat
 Jun. 30 2024      0.12           0.28           Beat
 Mar. 31 2024      0.53           0.55           Beat
 Dec. 31 2023      0.37           0.73           Beat