Qualys (QLYS) Beats Q2 Earnings Estimates

Core Insights - Qualys reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and showing an increase from $1.27 per share a year ago, resulting in an earnings surprise of 16.03% [1] - The company posted revenues of $148.71 million for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.03%, but up from $137.21 million year-over-year [2] - Qualys has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates twice during the same period [2] Earnings Outlook - The future performance of Qualys shares will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on the recently released numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $153.84 million, and for the current fiscal year, it is $5.21 on revenues of $605.56 million [7] Industry Context - The Zacks Security industry, to which Qualys belongs, is currently ranked in the top 7% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of ranked industries [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]