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Telos Corporation (TLS) Reports Q3 Loss, Tops Revenue Estimates
TLSTelos(TLS) ZACKS·2024-11-12 16:21

Financial Performance - Telos Corporation reported a quarterly loss of 0.10pershare,betterthantheZacksConsensusEstimateofalossof0.10 per share, better than the Zacks Consensus Estimate of a loss of 0.14, and compared to a loss of 0.07pershareayearago,representinganearningssurpriseof28.570.07 per share a year ago, representing an earnings surprise of 28.57% [1] - The company posted revenues of 23.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.56%, but down from 36.19millioninthesamequarterlastyear[2]−Overthelastfourquarters,TeloshasexceededconsensusEPSestimatesfourtimesandtoppedconsensusrevenueestimatesfourtimesaswell[2]StockPerformanceandOutlook−Telosshareshaveincreasedapproximately16.336.19 million in the same quarter last year [2] - Over the last four quarters, Telos has exceeded consensus EPS estimates four times and topped consensus revenue estimates four times as well [2] Stock Performance and Outlook - Telos shares have increased approximately 16.3% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is -0.14 on revenues of 25.13million,andforthecurrentfiscalyear,itis−25.13 million, and for the current fiscal year, it is -0.45 on revenues of $106.21 million [7] Industry Context - The Computers - IT Services industry, to which Telos belongs, is currently ranked in the top 16% 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 Telos's stock performance [5]