NASDAQ$NTCT

NetScout Systems Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Delivered strong EPS growth to start fiscal year 2021.

NETSCOUT reported first quarter fiscal year 2021 financial results, with strong earnings per share growth on relatively consistent revenue compared to the same period last year.

  • Total revenue was $183.8 million, compared to $186.0 million in the same quarter one year ago.
  • Product revenue was $71.7 million, approximately 39% of total revenue.
  • Service revenue was $112.1 million, approximately 61% of total revenue.
  • Net loss was $17.4 million, or $0.24 per share (diluted), versus net loss of $29.3 million, or $0.38 per share, for the first quarter of fiscal year 2020.

Headline financials

Total Revenue

$184M

Previous: $186M-1.2%
EPS (adj)

$0.17

Previous: $0.07+142.9%
Capital Expenditures

-$2.61M

Previous: -$3.29M+20.7%
Free Cash Flow

-$20M

Previous: -$32.6M+38.6%
Net Income

-$17.4M

Previous: -$29.3M+40.6%
Operating Income

-$14.5M

Previous: -$24.4M+40.7%
Gross Profit

$131M

Previous: $131M-0.3%
Cash & Equivalents

$403M

Previous: $354M+14.0%
Total Assets

$3.07B

Previous: $3.19B-4.0%
Stock-Based Comp

$12.1M

Previous: $12.7M-5.1%

Revenue & EPS history

NetScout · Revenue · Quarterly

$184M

Q1 2021-1.2%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

NetScout · $184M total across 2 segments · Q1 2021

  • Service
    $112M+1.6%
  • Product
    $71.7M-5.3%

Forward guidance

Given the continuing COVID-19 situation, the Company will defer providing fiscal year 2021 guidance until there is greater visibility on the duration, magnitude, and effects of the COVID-19 global pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+18.0%

Q1 2013

Best reaction

-23.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+7.7%+7.5%+14.3%
Q3 2026-4.8%-0.1%+4.9%
Q2 2026+7.1%+3.6%-1.5%
Q4 2025+1.7%+8.5%+9.9%
Q3 2025+12.1%+8.0%+0.6%
Q2 2025-1.2%+1.5%+4.4%
Q1 2025+9.8%+10.0%+15.5%
Q4 2024+1.0%+1.4%-6.8%
Q3 2024+3.7%-0.4%+0.0%
Q2 2024-0.5%-3.0%-5.7%
Q1 2024-6.0%-3.8%-4.0%
Q4 2023+13.7%+11.4%+20.2%
Q3 2023+0.7%+1.4%-9.5%
Q2 2023+0.6%+1.4%+6.2%
Q1 2023-4.2%-4.6%-12.8%
Q4 2022+3.8%+6.9%+13.7%
Q3 2022+6.0%+7.7%+6.9%
Q2 2022+2.7%-1.8%-10.3%
Q1 2022-0.8%-2.6%-3.2%
Q4 2021+2.9%+3.1%+15.6%
Q3 2021-3.4%-2.3%-6.7%
Q2 2021-2.8%-2.4%+13.7%
Q1 2021-5.7%-7.7%-13.4%
Q4 2020+0.3%-10.3%+5.9%
Q3 2020+4.7%+9.0%+4.6%
Q2 2020+11.2%+12.0%+13.6%
Q1 2020-11.4%-13.0%-14.9%
Q4 2019-1.1%-5.1%-15.9%
Q3 2019+0.0%+1.0%+5.0%
Q2 2019+14.8%+10.9%+6.0%
Q1 2019-10.6%-12.4%-15.8%
Q4 2018-1.3%+4.1%-0.4%
Q3 2018+9.2%+7.1%+0.6%
Q2 2018-7.1%-6.0%+1.8%
Q1 2018+3.3%+3.3%-3.0%
Q4 2017-6.6%-5.8%+2.2%
Q3 2017+4.0%+9.2%+17.2%
Q2 2017-5.7%-6.2%+11.0%
Q1 2017+9.6%+6.8%+16.7%
Q4 2016+2.8%
Q3 2016-23.0%
Q2 2016-8.7%
Q1 2016+6.7%
Q4 2015+0.2%
Q3 2015+4.1%
Q2 2015-0.4%
Q1 2015-0.2%
Q4 2014-0.3%
Q3 2014+11.8%
Q2 2014+14.8%
Q1 2014+0.2%
Q4 2013+3.1%
Q3 2013-7.0%
Q2 2013+6.6%
Q1 2013+18.0%
Q4 2010+3.2%
Q4 2012+3.2%
Q3 2011+3.1%
Q3 2012+3.1%
Q2 2012-3.9%
Q2 2011-3.9%
Q4 2011-10.9%
Q1 2011-10.9%
Q1 2012-10.9%

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