Outbrain Inc. (OB) Beats Q3 Earnings Estimates

Group 1: Earnings Performance - Outbrain Inc. reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, representing an earnings surprise of 450% [1] - The company posted revenues of $59.69 million for the quarter ended September 2024, which was 1.45% below the Zacks Consensus Estimate, compared to $56.79 million in the same quarter last year [2] - Over the last four quarters, Outbrain has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Outbrain shares have increased by approximately 8.7% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The future performance of Outbrain's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $71.59 million, and for the current fiscal year, it is $0.01 on revenues of $240.27 million [7] Group 3: Industry Context - The Technology Services industry, to which Outbrain belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Outbrain's stock performance [5][6]