Richardson Electronics(US:RELL) ZACKSยท2024-10-09 22:25Company Performance - Richardson Electronics reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of a loss of $0.01 per share, compared to earnings of $0.09 per share a year ago [1] - The earnings surprise for this quarter was 500%, following a previous quarter where the company posted earnings of $0.02 against an expected loss of $0.05, resulting in a surprise of 140% [2] - The company achieved revenues of $53.73 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 8.66%, compared to revenues of $52.58 million in the same quarter last year [3] Market Performance - Richardson Electronics shares have declined approximately 6.4% since the beginning of the year, while the S&P 500 has gained 20.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $52.31 million, and for the current fiscal year, it is $0.44 on revenues of $220 million [8] Industry Outlook - The Electronics - Parts Distribution industry, to which Richardson Electronics belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of Richardson Electronics may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]