Qualys (QLYS) Beats Q3 Earnings and Revenue Estimates

Core Viewpoint - Qualys reported quarterly earnings of $1.56 per share, exceeding the Zacks Consensus Estimate of $1.33 per share, and showing an earnings surprise of 17.29% [1][2] Financial Performance - The company achieved revenues of $153.87 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.20% and increasing from $142 million year-over-year [2] - Over the last four quarters, Qualys has consistently surpassed consensus EPS estimates [2] Stock Performance - Qualys shares have declined approximately 36.5% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $1.27 for the upcoming quarter and $5.57 for the current fiscal year [4][7] - The Zacks Rank for Qualys is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Security industry, to which Qualys belongs, is currently ranked in the top 8% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]