NetSuite (N) Set to Announce Quarterly Earnings on Thursday
NetSuite (NYSE:N) will be issuing its Q313 quarterly earnings data on Thursday, October 24th. Analysts expect NetSuite to post earnings of $0.08 per share and revenue of $105.70 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
NetSuite (NYSE:N) last announced its earnings results on Thursday, July 25th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $100.62 million. During the same quarter last year, the company posted $0.06 earnings per share. NetSuite’s revenue was up 35.2% compared to the same quarter last year. On average, analysts expect NetSuite to post $0.27 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.
NetSuite (NYSE:N) traded down 1.80% during mid-day trading on Wednesday, hitting $107.22. 31,335 shares of the company’s stock traded hands. NetSuite has a 52 week low of $55.00 and a 52 week high of $107.97. The stock’s 50-day moving average is $98.02 and its 200-day moving average is $88.21. The company’s market cap is $7.954 billion.
Several analysts have recently commented on the stock. Analysts at JMP Securities raised their price target on shares of NetSuite from $98.00 to $115.00 in a research note to investors on Tuesday. They now have a “market outperform” rating on the stock. On a related note, analysts at TheStreet upgraded shares of NetSuite to a “hold” rating in a research note to investors on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.78.
In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of NetSuite stock on the open market in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $106.13, for a total transaction of $2,122,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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