CPI Card Group Inc. (PMTS) Tops Q3 Earnings and Revenue Estimates

Core Insights - CPI Card Group Inc. reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and showing a significant increase from $0.33 per share a year ago, representing an earnings surprise of 32% [1] - The company achieved revenues of $124.75 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.90% and increasing from $105.86 million year-over-year [2] - CPI Card Group shares have increased approximately 17.5% since the beginning of the year, while the S&P 500 has gained 19.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $120.35 million, and for the current fiscal year, it is $2.06 on revenues of $467.8 million [7] - The estimate revisions trend for CPI Card Group has been unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expectations of underperformance in the near future [6] Industry Context - The Technology Services industry, to which CPI Card Group belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - TTEC Holdings, another company in the same industry, is expected to report a significant decline in earnings, with a projected EPS of $0.14, reflecting a year-over-year change of -70.8% [9]