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N-able (NABL) Q3 Earnings and Revenues Surpass Estimates
NABLN-ABLE(NABL) ZACKS·2024-11-07 14:21

Core Viewpoint - N-able (NABL) reported quarterly earnings of 0.13pershare,exceedingtheZacksConsensusEstimateof0.13 per share, exceeding the Zacks Consensus Estimate of 0.10 per share, marking a 30% earnings surprise compared to the previous year's earnings of 0.09pershare[1]−Thecompanyalsopostedrevenuesof0.09 per share [1] - The company also posted revenues of 116.44 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.44% and showing an increase from 107.57millionyear−over−year[2]FinancialPerformance−N−ablehasconsistentlysurpassedconsensusEPSestimatesoverthelastfourquarters,achievingthisfourtimes[2]−Thecompany’sshareshavedeclinedapproximately4107.57 million year-over-year [2] Financial Performance - N-able has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] - The company’s shares have declined approximately 4% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] Future Outlook - The future performance of N-able's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is 0.11 on revenues of 116.48million,andforthecurrentfiscalyear,itis116.48 million, and for the current fiscal year, it is 0.46 on revenues of $464.42 million [7] Industry Context - The Technology Services industry, to which N-able belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of N-able's stock may also be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]