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NAPCO Security Technologies Inc. Up 11.59% To $34.75 After Earnings Beat

Monday, February 06, 2023 01:06 PM | InvestorsObserver Analysts

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NAPCO Security Technologies Inc. Up 11.59% To $34.75 After Earnings Beat

Napco Security Technologies Inc (NSSC) reported better than expected earnings this morning for Q2 2023.

NAPCO Security Technologies Inc.'s earnings came in at an EPS of $0.23 per share, 64.00% higher than estimates for an EPS of $0.14 per share. The firm's earnings are up 667% since reporting $0.03 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $42.3 million. That is an increase of 26.66% in revenues from the year-ago report and is 8.11% higher than consensus estimates set at $39.1 million.

The stock is up 11.59% to $34.75 after the report.

NAPCO Security Technologies Inc.'s earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

NAPCO Security Technologies Inc is a manufacturer of high-technology electronic security, including connected home, video, fire alarm, access control and door locking systems. The company consists of four Divisions: NAPCO, its security and connected home segment, plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. Its products are installed by tens-of-thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications

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