InterDigital (IDCC) Q3 Earnings and Revenues Surpass Estimates

Group 1 - InterDigital reported quarterly earnings of $1.63 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, but down from $2.13 per share a year ago, representing an earnings surprise of 114.47% [1] - The company posted revenues of $128.68 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 33.33%, although this is a decrease from year-ago revenues of $140.11 million [2] - InterDigital has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Group 2 - The stock has gained approximately 36.1% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.49 on revenues of $134.47 million, and for the current fiscal year, it is $10.36 on revenues of $717.99 million [7] Group 3 - The estimate revisions trend for InterDigital is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The Wireless Equipment industry, to which InterDigital belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8]