Crexendo (CXDO) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Crexendo (CXDO) reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of$ 0.05 per share, but down from $0.12 per share a year ago, indicating a 20% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The quarterly revenue for Crexendo was$ 15.63 million, which is 3.70% above the Zacks Consensus Estimate and an increase from $13.87 million year-over-year [2] - The company has exceeded consensus revenue estimates four times in the last four quarters [2] Group 2: Stock Performance and Outlook - Crexendo shares have increased approximately 20% year-to-date, compared to the S&P 500's gain of 21.2% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.05 on revenues of $15.37 million, and for the current fiscal year, it is$ 0.24 on revenues of $59.41 million [7] Group 3: Industry Context - The Internet - Services industry, to which Crexendo belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Crexendo's stock performance [5][6]