NTT (NTTYY) Expected to Release Earnings on Wednesday

NTT (OTCMKTS:NTTYY) will likely be posting its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.5220 per share and revenue of $23.12 billion for the quarter.

NTT (OTCMKTS:NTTYY) last issued its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $22.97 billion for the quarter, compared to analysts’ expectations of $21.57 billion. On average, analysts expect NTT to post $2.09 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.

NTT Price Performance

Shares of NTTYY opened at $27.58 on Wednesday. The firm has a fifty day moving average price of $27.36 and a 200-day moving average price of $24.88. NTT has a 12-month low of $21.47 and a 12-month high of $30.05.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.