Workflow
NetScout Systems (NTCT) Q2 Earnings and Revenues Beat Estimates
NTCTNetScout(NTCT) ZACKS·2024-10-24 13:46

Company Performance - NetScout Systems (NTCT) reported quarterly earnings of 0.47pershare,exceedingtheZacksConsensusEstimateof0.47 per share, exceeding the Zacks Consensus Estimate of 0.45 per share, but down from 0.61pershareayearago,representinganearningssurpriseof4.440.61 per share a year ago, representing an earnings surprise of 4.44% [1] - The company achieved revenues of 191.11 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.20%, although this is a decrease from year-ago revenues of 196.8million[1]−Overthelastfourquarters,NetScouthassurpassedconsensusEPSestimatesfourtimesandtoppedconsensusrevenueestimatesthreetimes[1]FutureOutlook−ThecurrentconsensusEPSestimatefortheupcomingquarteris196.8 million [1] - Over the last four quarters, NetScout has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 0.71 on revenues of 219.08million,andforthecurrentfiscalyear,itis219.08 million, and for the current fiscal year, it is 2.20 on revenues of 807.39million[4]−TheestimaterevisionstrendforNetScoutismixed,leadingtoaZacksRank3(Hold),indicatingexpectedperformanceinlinewiththemarketinthenearfuture[4]IndustryContext−TheComputer−Networkingindustry,towhichNetScoutbelongs,iscurrentlyinthetop39807.39 million [4] - The estimate revisions trend for NetScout is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Computer - Networking industry, to which NetScout belongs, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Radcom (RDCM), is expected to report quarterly earnings of 0.19 per share, reflecting a year-over-year increase of 26.7%, with revenues projected at $15 million, up 13.6% from the previous year [5]