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E2open Parent Holdings, Inc. (ETWO) Meets Q2 Earnings Estimates
ETWOE2open(ETWO) ZACKS·2024-10-09 22:25

Group 1: Earnings Performance - E2open reported quarterly earnings of 0.05pershare,matchingtheZacksConsensusEstimate,andanincreasefrom0.05 per share, matching the Zacks Consensus Estimate, and an increase from 0.04 per share a year ago [1] - The company had a surprise of -20% in the previous quarter, where it was expected to post earnings of 0.05butonlydelivered0.05 but only delivered 0.04 [1] - Over the last four quarters, E2open has surpassed consensus EPS estimates only once [1] Group 2: Revenue Performance - E2open's revenues for the quarter ended August 2024 were 152.19million,missingtheZacksConsensusEstimateby0.09152.19 million, missing the Zacks Consensus Estimate by 0.09%, and down from 158.49 million year-over-year [2] - The company has topped consensus revenue estimates just once over the last four quarters [2] Group 3: Stock Performance and Outlook - E2open shares have declined approximately 8.7% since the beginning of the year, while the S&P 500 has gained 20.6% [3] - The future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is 0.06onrevenuesof0.06 on revenues of 161.18 million, and for the current fiscal year, it is 0.20onrevenuesof0.20 on revenues of 635.04 million [7] Group 4: Industry Context - The Internet - Software industry, to which E2open belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook [8] - Research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]