Quad/Graphics (QUAD) Surpasses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Quad/Graphics reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and up from $0.11 per share a year ago, representing a 30% earnings surprise [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - The revenue for the quarter ended September 2024 was $674.8 million, surpassing the Zacks Consensus Estimate by 3.04%, although it decreased from $700.2 million year-over-year [2] Group 2: Stock Performance and Outlook - Quad/Graphics shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 21.8% [3] - The future performance of the stock 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 $0.34 on revenues of $748.5 million, and for the current fiscal year, it is $0.76 on revenues of $2.69 billion [7] Group 3: Industry Context - The Commercial Printing industry, to which Quad/Graphics belongs, is currently ranked in the top 11% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5][6]