NetScout Systems (NASDAQ:NTCT) reported its Q4 earnings results on Thursday, May 5, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
NetScout Systems beat estimated earnings by 38.1%, reporting an EPS of $0.29 versus an estimate of $0.21.
Revenue was down $22.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 0.99% drop in the share price the next day.
Here's a look at NetScout Systems's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.38 | 0.39 | 0.44 |
| EPS Actual | 0.89 | 0.47 | 0.20 | 0.49 |
| Revenue Estimate | 233.17M | 206.33M | 208.44M | 215.09M |
| Revenue Actual | 262.19M | 211.92M | 190.27M | 213.39M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
NetScout Systems management provided guidance for FY 2023, expecting earnings between $1.97 and $2.03 per share.
To track all earnings releases for NetScout Systems visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
