N-able (NABL) Set to Announce Quarterly Earnings on Thursday

N-able (NYSE:NABL) will release its earnings data 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $108.42 million for the quarter, compared to analyst estimates of $106.86 million. N-able had a return on equity of 4.20% and a net margin of 5.55%. 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 Price Performance

Shares of NYSE NABL opened at $12.71 on Wednesday. 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 capitalization of $2.35 billion, a price-to-earnings ratio of 105.93 and a beta of 0.40. The firm’s 50 day simple moving average is $12.80 and its 200-day simple moving average is $12.85. N-able has a 12 month low of $11.50 and a 12 month high of $15.44.

Analyst Ratings Changes

A number of research analysts have weighed in on NABL shares. Royal Bank of Canada lifted their price objective on shares of N-able from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $16.50 price target 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.