(NATI) - National Instruments Corporation - Five analysts have raised their forecasts for this year, while two have done so for next year

National Instruments has made a habit out of exceeding earnings estimates. The company has done so in eight out of the last nine quarters, with seven of them posting double-digit surprises. Five analysts have raised their forecasts for this year, while two have done so for next year. Over the past month, this year's estimates have jumped 3.5% to 88 cents per share. Full Analysis National Instruments Corporation (NATI) engages in the design, development, manufacture, and marketing of instrumentation software, and specialty computer plug-in cards and accessories. Its application software products include LabVIEW, LabVIEW Real-Time, LabVIEW FPGA, Measurement Studio, LabWindows/CVI, DIAdem, TestStand, MATRIXx, and SignalExpress that are used to create virtual instrumentation systems for general, commercial, industrial, and scientific applications. The company offers various software products for developing measurement and automation applications to meet the various programming and computer preferences. In addition, it provides TestStand, a test management environment for organizing, controlling, and running automated production test systems on the factory floor. National Instruments Corp. earned $18.7 million, or 24 cents per share, in its third quarter -- up 30% from $14.4 million, or 18 cents per share, last year at this time. The company brought in $164.1 million in revenue, a 16% increase over last year at this time when its revenue was $141.6 million. For good measure, the company also announced a dividend of six cents per share. "I am pleased with our strong performance in the third quarter, driven by strong revenue growth in software and record revenue for many of our hardware products," says NI CEO James Truchard. NATI has made a habit out of exceeding earnings estimates. The company has done so in eight out of the last nine quarters, with seven of them posting double-digit surprises. Five analysts have raised their forecasts for this year, while two have done so for next year. Over the past month, this year's estimates have jumped 3.5% to 88 cents per share. The stock is currently trading at 26.8x next year's estimates of $1.13 per share, slightly above the long-term growth rate of 20.33%, giving the stock a PEG ratio of 1.32. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home