Telus International (TIXT) Q3 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Telus International reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.21 per share a year ago, representing an earnings surprise of 150% [1] - The company posted revenues of $658 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.22%, although this is a decrease from year-ago revenues of $663 million [2] - Over the last four quarters, Telus International has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Telus International shares have declined approximately 53.7% since the beginning of the year, contrasting with the S&P 500's gain of 25.2% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $0.04 on revenues of $677.03 million, and $0.43 on revenues of $2.63 billion for the current fiscal year [7] - The Zacks Rank for Telus International is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Technology Services industry, to which Telus International belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]