N-able (NABL) to Release Earnings on Thursday

N-able (NYSE:NABL) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect N-able to post earnings of $0.10 per share for the quarter. N-able has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $108.42 million during the quarter, compared to analysts’ expectations of $106.86 million. N-able had a net margin of 5.55% and a return on equity of 4.20%. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

N-able Stock Performance

Shares of NYSE NABL opened at $12.31 on Thursday. The firm has a fifty day moving average price of $12.85 and a 200-day moving average price of $12.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market cap of $2.27 billion, a PE ratio of 102.58 and a beta of 0.38. N-able has a 1 year low of $11.50 and a 1 year high of $15.44.

Wall Street Analysts Forecast Growth

NABL has been the subject of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of N-able from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price objective on shares of N-able in a research note on Thursday, February 22nd.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.