Company Performance - Climb Global Solutions (CLMB) reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $0.85 per share, and up from $0.52 per share a year ago, representing an earnings surprise of 82.35% [1] - The company posted revenues of $119.35 million for the quarter ended September 2024, which was 2.33% below the Zacks Consensus Estimate, compared to $78.46 million in the same quarter last year [2] - Over the last four quarters, Climb Global has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Climb Global shares have increased approximately 93.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $126.95 million, and for the current fiscal year, it is $3.28 on revenues of $433.63 million [7] Industry Outlook - The Technology Services industry, to which Climb Global belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]
Climb Global Solutions (CLMB) Q3 Earnings Top Estimates