Earnings and Growth Analysis : NetScout Systems (NASDAQ:NTCT)

Earnings results for NetScout Systems (NASDAQ:NTCT)

NetScout Systems, Inc. is expected* to report earnings on 01/28/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.41. The reported EPS for the same quarter last year was $0.61.

NetScout Systems last announced its quarterly earnings results on October 29th, 2020. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.20. The business earned $205.30 million during the quarter, compared to analysts’ expectations of $198.42 million. Its quarterly revenue was down 5.1% on a year-over-year basis. NetScout Systems has generated $1.00 earnings per share over the last year and currently has a price-to-earnings ratio of 100.9. NetScout Systems has confirmed that its next quarterly earnings report will be published on Thursday, January 28th, 2021.

Analyst Opinion on NetScout Systems (NASDAQ:NTCT)

3 Wall Street analysts have issued ratings and price targets for NetScout Systems in the last 12 months. Their average twelve-month price target is $24.67, predicting that the stock has a possible downside of 18.48%. The high price target for NTCT is $27.00 and the low price target for NTCT is $21.00. There are currently 3 hold ratings for the stock, resulting in a consensus rating of “Hold.”

NetScout Systems has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $24.67, NetScout Systems has a forecasted downside of 18.5% from its current price of $30.26. NetScout Systems has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: NetScout Systems (NASDAQ:NTCT)

NetScout Systems does not currently pay a dividend. NetScout Systems does not have a long track record of dividend growth.

Insiders buying/selling: NetScout Systems (NASDAQ:NTCT)

In the past three months, NetScout Systems insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $266,075.00 in company stock. Only 4.36% of the stock of NetScout Systems is held by insiders. 94.67% of the stock of NetScout Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of NetScout Systems (NASDAQ:NTCT

Earnings for NetScout Systems are expected to grow by 5.77% in the coming year, from $1.04 to $1.10 per share. The P/E ratio of NetScout Systems is 100.87, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.72. The P/E ratio of NetScout Systems is 100.87, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 84.14. NetScout Systems has a PEG Ratio of 5.63. PEG Ratios above 1 indicate that a company could be overvalued. NetScout Systems has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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