MeridianLink (MLNK) Misses Q3 Earnings Estimates

Core Viewpoint - MeridianLink reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of$ 0.09 per share, and down from $0.10 per share a year ago [1][2] Financial Performance - The company posted revenues of$ 80.37 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.04%, compared to $76.49 million in the same quarter last year [3] - MeridianLink has topped consensus revenue estimates three times over the last four quarters [3] Earnings Surprises - The quarterly report represents an earnings surprise of -33.33%, and the company has not surpassed consensus EPS estimates over the last four quarters [2][4] Stock Performance - MeridianLink shares have lost about 2.9% since the beginning of the year, while the S&P 500 has gained 24.3% [4] Future Outlook - The current consensus EPS estimate for the coming quarter is$ 0.08 on revenues of $79.36 million, and$ 0.27 on revenues of $315.43 million for the current fiscal year [8] - The estimate revisions trend for MeridianLink is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - The Technology Services industry, to which MeridianLink belongs, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9]