Viad (VVI) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - Viad (VVI) reported quarterly earnings of $2.01 per share, exceeding the Zacks Consensus Estimate of $1.87 per share, and showing an increase from $1.49 per share a year ago, indicating a strong performance in the trade show sector [1] Financial Performance - The company achieved revenues of $455.7 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.26% and up from $365.9 million year-over-year [2] - Over the last four quarters, Viad has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Viad shares have increased approximately 18.7% since the beginning of the year, while the S&P 500 has gained 24.3%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock performance, with current consensus EPS estimates at -$1.20 for the upcoming quarter and $1.10 for the current fiscal year [4][7] - The estimate revisions trend for Viad is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Business - Services industry, to which Viad belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable industry outlook that could positively impact stock performance [8]