Security systems manufacturer Napco (NASDAQ:NSSC) will be announcing earnings results this Monday before market open. Here’s what you need to know.
Napco met analysts’ revenue expectations last quarter, reporting revenues of $49.17 million, up 11.8% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Napco a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Napco’s revenue to grow 3.6% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Napco has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Napco’s peers in the specialized technology segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Arlo Technologies delivered year-on-year revenue growth of 20.5%, beating analysts’ expectations by 4.7%, and Zebra reported revenues up 20.4%, topping estimates by 3.9%. Arlo Technologies traded down 1.6% following the results while Zebra was up 26.5%.
Read our full analysis of Arlo Technologies’s results here and Zebra’s results here.
There has been positive sentiment among investors in the specialized technology segment, with share prices up 7.3% on average over the last month. Napco is up 6.7% during the same time and is heading into earnings with an average analyst price target of $50.33 (compared to the current share price of $38.13).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
Source link
