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N-able (NABL)
NYSE:NABL
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2021
|% Change Since: -27.36%
|Next Earnings Date:Aug 12, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, particularly in data protection and security suite demand, with high customer retention and international presence. However, there were challenges with pricing headwinds, long-term contract impacts, on-premise revenue decline, and cautious revenue guidance for the upcoming quarter.Company Guidance
During the N-able Third Quarter 2024 Earnings Call, the company reported revenue of $116.4 million, marking an 8% year-over-year growth on a reported basis and 7% on a constant currency basis. The adjusted EBITDA was $44.8 million, representing a 39% margin, exceeding quarterly guidance. The company highlighted that over 50% of its Monthly Recurring Revenue (MRR) is now under long-term contracts, with the expectation that this will enhance customer retention and expansion over time. Despite challenges such as estate optimization and pricing headwinds, N-able maintains a positive outlook, anticipating total revenue of $461.2 to $462.7 million for the full year 2024 and raising its adjusted EBITDA outlook to $169.3 to $169.8 million, representing an 18% year-over-year increase at the midpoint. The company emphasized its strategic focus on data protection and security, with Cove Data Protection becoming the largest recurring revenue product group and security solutions like XDR and MDR driving growth.Revenue Growth
Revenue was $116.4 million, representing 8% year-over-year growth on a reported basis and 7% on a constant currency basis.
Strong Performance in Data Protection
Cove Data Protection is the fastest-growing product solution and the largest recurring revenue product group, with cloud backup projected to grow in double digits.
Adjusted EBITDA Margin
Adjusted EBITDA was $44.8 million, with an approximately 39% adjusted EBITDA margin.
Security Suite Demand
Steady demand for the security suite, with human-assisted managed detection and response services (MDR) and extended detection and response software (XDR) standing out.
High Customer Retention
Over 50% of MRR is now under long-term contract, indicating strong customer relationships and retention.
International Market Presence
Approximately 47% of revenue was outside of North America, indicating strong international market penetration.
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NABL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NABL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $12.72 | $11.96 | -5.97% |
| Aug 08, 2024 | $13.24 | $13.63 | +2.95% |
| May 09, 2024 | $12.67 | $12.93 | +2.05% |
| Feb 22, 2024 | $12.81 | $12.92 | +0.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does N-able (NABL) report earnings?
N-able (NABL) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is N-able (NABL) earnings time?
N-able (NABL) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NABL EPS forecast?
NABL EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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