Analysts Anticipate N-able, Inc. (NYSE:NABL) to Post $0.08 EPS

Equities analysts expect N-able, Inc. (NYSE:NABL – Get Rating) to report earnings of $0.08 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for N-able’s earnings. The business is scheduled to report its next earnings report on Monday, January 1st.

Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for N-able.

N-able (NYSE:NABL – Get Rating) last released its earnings results on Thursday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $89.06 million. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

NABL has been the subject of a number of research reports. Needham & Company LLC reduced their price objective on N-able from $17.00 to $13.50 and set a “buy” rating for the company in a research report on Wednesday, December 29th. Zacks Investment Research upgraded N-able from a “sell” rating to a “hold” rating in a research report on Friday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.30.

Shares of NABL stock traded down $0.28 during mid-day trading on Friday, reaching $10.05. The stock had a trading volume of 242,107 shares, compared to its average volume of 801,552. The firm’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $11.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.99 and a quick ratio of 1.99. N-able has a one year low of $8.70 and a one year high of $16.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in N-able during the 3rd quarter worth about $29,000. Citigroup Inc. bought a new stake in N-able during the 3rd quarter worth about $70,000. Shell Asset Management Co. bought a new stake in N-able during the 3rd quarter worth about $72,000. UBS Group AG bought a new stake in N-able during the 3rd quarter worth about $104,000. Finally, Los Angeles Capital Management LLC bought a new stake in N-able during the 3rd quarter worth about $131,000.

About N-able (Get Rating)

N-able, Inc provides cloud-based software solutions for managed service providers (MSPs) 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. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.

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