Fathom Realty(US:FTHM) ZACKSยท2024-08-12 22:15Financial Performance - Fathom Holdings reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.21, and an improvement from a loss of $0.27 per share a year ago, representing an earnings surprise of 66.67% [1] - The company posted revenues of $89.21 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.70%, but down from $100.09 million in the same quarter last year [2] - Over the last four quarters, Fathom Holdings has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Fathom Holdings shares have declined approximately 25.5% since the beginning of the year, contrasting with the S&P 500's gain of 12% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.16 on revenues of $106.6 million, and -$0.87 on revenues of $360.3 million for the current fiscal year [7] Industry Context - The Technology Services industry, to which Fathom Holdings 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 Fathom Holdings' stock performance [5]