A Look Ahead: NetScout Systems's Earnings Forecast
Portfolio Pulse from Benzinga Insights
NetScout Systems (NASDAQ:NTCT) is set to release its quarterly earnings report on October 24, 2024. Analysts estimate an EPS of $0.45. The company's past performance shows mixed results, with a history of EPS beats not necessarily leading to positive stock price movements. The stock is currently trading at $21.39, down 7.37% over the past year. Analysts have a Neutral rating with a price target of $22.0, indicating a potential 2.85% upside. NetScout faces challenges with negative revenue growth and low profitability metrics compared to peers.
October 23, 2024 | 7:02 pm
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NetScout Systems is expected to report an EPS of $0.45. The stock has a Neutral rating with a $22 price target, indicating a potential 2.85% upside. The company faces challenges with negative revenue growth and low profitability metrics.
The upcoming earnings report is crucial for NetScout Systems, with analysts expecting an EPS of $0.45. Despite past EPS beats, the stock has not seen positive price movements, indicating that guidance will be key. The Neutral rating and slight upside potential suggest limited short-term price movement. The company's negative revenue growth and low profitability metrics compared to peers highlight ongoing challenges, which may weigh on investor sentiment.
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