Willdan Group (WLDN) Tops Q3 Earnings and Revenue Estimates

Group 1 - Willdan Group reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and showing an increase from $0.37 per share a year ago, representing an earnings surprise of 32.73% [1] - The company achieved revenues of $158.25 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 11.68% and increasing from $132.74 million year-over-year [2] - Willdan has outperformed the S&P 500, with shares increasing approximately 121.9% since the beginning of the year compared to the S&P 500's gain of 21.9% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $153.45 million, and for the current fiscal year, it is $2.10 on revenues of $558.6 million [7] - The Zacks Industry Rank indicates that the Business - Services sector is in the top 21% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] Group 3 - Willdan has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance and positive investor sentiment [2] - The estimate revisions trend for Willdan is currently favorable, leading to a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6]