MeridianLink (MLNK) Misses Q2 Earnings Estimates

Company Performance - MeridianLink reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.12 per share, compared to earnings of $0.03 per share a year ago [1] - The earnings surprise was -66.67%, and the company had a previous quarter earnings surprise of -33.33% with actual earnings of $0.06 per share against an expectation of $0.09 [2] - The company posted revenues of $78.68 million for the quarter, surpassing the Zacks Consensus Estimate by 0.83%, and compared to year-ago revenues of $75.42 million [3] Stock Performance - MeridianLink shares have declined approximately 10.6% since the beginning of the year, while the S&P 500 has gained 9% [4] - The current Zacks Rank for MeridianLink is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $79.73 million, and for the current fiscal year, it is $0.41 on revenues of $316.57 million [8] - The outlook for the Technology Services industry, where MeridianLink operates, is currently in the top 41% of Zacks industries, suggesting a favorable environment for stock performance [9]