Ispire Technology Inc. (ISPR) Reports Q1 Loss, Lags Revenue Estimates

Earnings Performance - Ispire Technology Inc reported a quarterly loss of $010 per share, in line with the Zacks Consensus Estimate, compared to a loss of$003 per share a year ago [1] - The company posted revenues of $3934 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1373$4287 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates once and revenue estimates once [1][2] Stock Performance and Market Comparison - Ispire Technology Inc shares have lost about 484% since the beginning of the year, while the S&P 500 has gained 257% [3] - The company has underperformed the market so far this year [4] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate is -$009 on$579 million in revenues for the coming quarter and -$021 on$2455 million in revenues for the current fiscal year [7] - The estimate revisions trend for Ispire Technology Inc is unfavorable, translating into a Zacks Rank 4 (Sell) [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5] Industry Context - Ispire Technology Inc belongs to the Zacks Technology Services industry, which is currently in the top 26% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Marathon Digital Holdings Inc, another company in the same industry, is expected to post a quarterly loss of $038 per share, representing a year-over-year change of -660$14814 million, up 514% from the year-ago quarter [10]