Group 1: Earnings Performance - CoreCard Corporation (CCRD) reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, but down from $0.22 per share a year ago, representing an earnings surprise of 114.29% [1] - The company posted revenues of $13.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 13.74%, compared to $15.69 million in the same quarter last year [2] - Over the last four quarters, CoreCard has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - CoreCard shares have declined approximately 14% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $12.43 million, and for the current fiscal year, it is $0.39 on revenues of $51.43 million [7] Group 3: Industry Context - The Technology Services industry, to which CoreCard belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact CoreCard's stock performance [5][6]
CoreCard Corporation (CCRD) Tops Q2 Earnings and Revenue Estimates