Smith Micro Software, Inc. engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, Africa, and internationally. The company offers SafePath Family, SafePath IoT, and SafePath Home product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language Voice-to-Text transcription messaging. It also provides ViewSpot, a retail display management platform that offers on-screen and interactive demos to wireless carriers and other retailers; and technical support and customer services. Smith Micro Software, Inc. was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania.

Smith Micro Software, Inc.

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.10%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $1.49 per share when it actually produced earnings of $1.57, delivering a surprise of +5.37%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cadence, which belongs to the Zacks Computer - Software industry, posted revenues of $1.28 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.33%. This compares to year-ago revenues of $1.06 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Cadence shares have added about 10.6% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Cadence?
While Cadence has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Cadence was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.75 on $1.33 billion in revenues for the coming quarter and $6.77 on $5.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Smith Micro Software, Inc. (SMSI), another stock in the same industry, has yet to report results for the quarter ended June 2025.
This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +65.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Micro Software, Inc.'s revenues are expected to be $4.7 million, down 8.6% from the year-ago quarter.
Should You Invest in Cadence Design Systems, Inc. (CDNS)?
Before you invest in Cadence Design Systems, Inc. (CDNS), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Cadence Design Systems (CDNS) Q2 Earnings and Revenues Top Estimates

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.11 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post a loss of $0.31 per share when it actually produced a loss of $0.30, delivering a surprise of 3.23%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Smith Micro Software, which belongs to the Zacks Computer - Software industry, posted revenues of $4.97 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.57%. This compares to year-ago revenues of $8.59 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Smith Micro Software shares have lost about 13% since the beginning of the year versus the S&P 500's decline of -4.5%.
What's Next for Smith Micro Software?
While Smith Micro Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Smith Micro Software: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $5.8 million in revenues for the coming quarter and -$0.03 on $28.8 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Adobe Systems (ADBE), another stock in the same industry, has yet to report results for the quarter ended February 2025. The results are expected to be released on March 12.
This software maker is expected to post quarterly earnings of $4.97 per share in its upcoming report, which represents a year-over-year change of +10.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Adobe Systems' revenues are expected to be $5.65 billion, up 9.1% from the year-ago quarter.
Should You Invest in Smith Micro Software, Inc. (SMSI)?
Before you invest in Smith Micro Software, Inc. (SMSI), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Smith Micro Software, Inc. (SMSI) Reports Q4 Loss, Misses Revenue Estimates

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.23%. A quarter ago, it was expected that this company would post a loss of $0.35 per share when it actually produced a loss of $0.38, delivering a surprise of -8.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Smith Micro Software, which belongs to the Zacks Computer - Software industry, posted revenues of $4.65 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.17%. This compares to year-ago revenues of $11 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Smith Micro Software shares have lost about 86.4% since the beginning of the year versus the S&P 500's gain of 25.5%.
What's Next for Smith Micro Software?
While Smith Micro Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Smith Micro Software: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.14 on $5.6 million in revenues for the coming quarter and -$1.28 on $21.3 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Intuit (INTU), is yet to report results for the quarter ended October 2024. The results are expected to be released on November 21.
This maker of TurboTax, QuickBooks and other accounting software is expected to post quarterly earnings of $2.36 per share in its upcoming report, which represents a year-over-year change of -4.5%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.
Intuit's revenues are expected to be $3.14 billion, up 5.4% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Smith Micro Software, Inc. (SMSI) Reports Q3 Loss, Lags Revenue Estimates

DHI Group (DHX) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this provider of websites and career fairs for professionals would post earnings of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
DHI Group, which belongs to the Zacks Internet - Content industry, posted revenues of $35.28 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $37.43 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
DHI Group shares have lost about 29.3% since the beginning of the year versus the S&P 500's gain of 25.8%.
What's Next for DHI Group?
While DHI Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for DHI Group: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $36.18 million in revenues for the coming quarter and $0.20 on $143.28 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Content is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Smith Micro Software, Inc. (SMSI), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended September 2024. The results are expected to be released on November 13.
This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of -487.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Micro Software, Inc.'s revenues are expected to be $4.8 million, down 56.4% from the year-ago quarter.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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DHI Group, Inc. (DHX) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DHI Group (DHX) Q3 Earnings and Revenues Beat Estimates

Ansys (ANSS) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28.87%. A quarter ago, it was expected that this maker of engineering-simulation software would post earnings of $1.93 per share when it actually produced earnings of $1.39, delivering a surprise of -27.98%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ansys, which belongs to the Zacks Computer - Software industry, posted revenues of $594.14 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 7.87%. This compares to year-ago revenues of $496.6 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ansys shares have lost about 16.1% since the beginning of the year versus the S&P 500's gain of 14%.
What's Next for Ansys?
While Ansys has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ansys: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.89 on $530.57 million in revenues for the coming quarter and $9.37 on $2.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Smith Micro Software, Inc. (SMSI), has yet to report results for the quarter ended June 2024. The results are expected to be released on August 1.
This company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -337.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Micro Software, Inc.'s revenues are expected to be $5.4 million, down 47.8% from the year-ago quarter.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ansys (ANSS) Q2 Earnings and Revenues Surpass Estimates

Microsoft (MSFT) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.90 per share. This compares to earnings of $2.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.72%. A quarter ago, it was expected that this software maker would post earnings of $2.81 per share when it actually produced earnings of $2.94, delivering a surprise of 4.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Microsoft, which belongs to the Zacks Computer - Software industry, posted revenues of $64.73 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $56.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Microsoft shares have added about 13.5% since the beginning of the year versus the S&P 500's gain of 14.5%.
What's Next for Microsoft?
While Microsoft has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Microsoft: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.14 on $65.16 billion in revenues for the coming quarter and $13.17 on $278.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Smith Micro Software, Inc. (SMSI), has yet to report results for the quarter ended June 2024. The results are expected to be released on August 1.
This company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -337.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Micro Software, Inc.'s revenues are expected to be $5.4 million, down 47.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Microsoft (MSFT) Tops Q4 Earnings and Revenue Estimates

Smith Micro Software SMSI signed a new agreement with a U.S.-based mobile operator to implement the SafePath solution for its subscribers. This is the first customer to launch SafePath Global.
SafePath Global allows carriers to offer all the capabilities of the SafePath application swiftly to its customers and enables customers to obtain a family safety solution. This simplifies or eliminates many of the difficulties associated with implementing a family safety solution, including cost, resource limits, and multiple decision points.
The SafePath platform comprises SafePath Family, SafePath IoT, SafePath Home, SafePath Drive etc. It provides comprehensive and easy-to-use tools to protect digital lifestyles and manage connected devices through a single application.
Smith Micro Software, Inc. Price and Consensus
The company is a leading provider of embedded software for networked devices, policy-based management platforms, and mobile applications and hosted services. It plans to launch SafePath Premium to further broaden its SafePath portfolio. The solution is expected to be available in the second half of this year.
In February, the company unveiled SafePath OS, which is a new family safety solution that is built on the Android operating system. The solution improves digital safety for children and families as SafePath OS will expand the company’s reach from a subscription application-only solution to enabling MNOs to offer devices powered by SafePath OS. The solution is expected to be available in the second half of this year.
Also, the company has announced that its board of directors approved a 1-for-8 reverse split of its common stock. The reverse split will legally take effect on Apr 10, 2024, added the company. The goal of the reverse split is to raise the share price so that it can once again meet the minimum bid price required to remain listed on the Nasdaq Capital Market.
SMSI currently carries a Zacks Rank #4 (Sell). Shares of SMSI have lost 71.4% in the past year against the sub-industry’s growth of 42.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Synopsys SNPS, Woodward WWD and Perion Network PERI. Synopsys and Perion Network sport a Zacks Rank #1 (Strong Buy), while Woodward carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 0.3% in the past 60 days to $13.46. SNPS’s long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.1% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has moved up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. WWD shares have risen 62.3% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. PERI shares have lost 42% in the past year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Smith Micro Software's (SMSI) SafePath Solution Gains Traction

Pegasystems (PEGA) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 65.42%. A quarter ago, it was expected that this business software company would post earnings of $0.01 per share when it actually produced earnings of $0.44, delivering a surprise of 4,300%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Pegasystems, which belongs to the Zacks Computer - Software industry, posted revenues of $474.23 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 10.61%. This compares to year-ago revenues of $396.47 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Pegasystems shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 3.8%.
What's Next for Pegasystems?
While Pegasystems has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Pegasystems: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $359.66 million in revenues for the coming quarter and $2.37 on $1.5 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Smith Micro Software, Inc. (SMSI), another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Micro Software, Inc.'s revenues are expected to be $8.86 million, down 22.4% from the year-ago quarter.
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