Iteris (ITI) Beats Q1 Earnings and Revenue Estimates

Group 1 - Iteris reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, and showing an increase from $0.05 per share a year ago, representing a 20% earnings surprise [1] - The company posted revenues of $45.78 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.99%, and an increase from $43.55 million year-over-year [2] - Iteris has topped consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has underperformed, losing about 21.9% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current consensus EPS estimate for the coming quarter is $0.07 on revenues of $47.5 million, and for the current fiscal year, it is $0.31 on revenues of $188.75 million [7] - The Zacks Industry Rank for Computer - Integrated Systems is currently in the bottom 25% of over 250 Zacks industries, indicating potential challenges for stock performance [8]