Informatica (US:INFA) ZACKSยท2024-07-30 22:46Company Performance - Informatica Inc. reported quarterly earnings of $0.23 per share, surpassing the Zacks Consensus Estimate of $0.22 per share, and showing an increase from $0.17 per share a year ago [8] - The company posted revenues of $400.63 million for the quarter ended June 2024, which was a 6.5% increase from $375.99 million in the same quarter last year, but missed the Zacks Consensus Estimate by 0.34% [2] - Informatica has exceeded consensus EPS estimates four times over the last four quarters [9] Stock Performance - Informatica Inc. shares have declined approximately 14.2% since the beginning of the year, while the S&P 500 has gained 14.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $433.15 million, and for the current fiscal year, it is $1.11 on revenues of $1.69 billion [5] Industry Outlook - The Internet - Software industry, to which Informatica belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [13] - The performance of Informatica's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [4][11]