I3 Verticals (IIIV) Misses Q3 Earnings and Revenue Estimates

Core Viewpoint - I3 Verticals (IIIV) reported quarterly earnings of $0.07 per share, significantly missing the Zacks Consensus Estimate of$0.35 per share, representing an earnings surprise of -80% [1]. Financial Performance - The company posted revenues of $56.04 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 41.89$93.93 million in the same quarter last year [2]. - Over the last four quarters, I3 Verticals has not surpassed consensus EPS or revenue estimates [2]. Stock Performance - I3 Verticals shares have increased approximately 11.7% since the beginning of the year, outperforming the S&P 500's gain of 9% [3]. - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of$103.24 million, and for the current fiscal year, it is $1.51 on revenues of$386.19 million [7]. Industry Outlook - The Internet - Software industry, to which I3 Verticals belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8].