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FiscalNote Holdings, Inc. (NOTE) Reports Q3 Loss, Tops Revenue Estimates
NOTEFiscalNote(NOTE) ZACKS·2024-11-12 23:16

Core Viewpoint - FiscalNote Holdings, Inc. reported a quarterly loss of 0.11pershare,slightlyworsethantheZacksConsensusEstimateofalossof0.11 per share, slightly worse than the Zacks Consensus Estimate of a loss of 0.10, indicating a 10% earnings surprise [1] - The company generated revenues of 29.44millionforthequarterendedSeptember2024,surpassingtheZacksConsensusEstimateby1.4729.44 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.47%, but down from 34.01 million a year ago [2] Financial Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - FiscalNote Holdings, Inc. shares have declined approximately 18% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook will be crucial for stock performance, with current consensus EPS estimates at -0.11forthecomingquarterand0.11 for the coming quarter and 0.07 for the current fiscal year on revenues of 30.63millionand30.63 million and 121.02 million, respectively [7] - The estimate revisions trend for FiscalNote Holdings, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), suggesting shares are expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which FiscalNote belongs, is currently in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Skillsoft Corp., is expected to report a quarterly loss of 3.01pershare,withrevenuesprojectedtobe3.01 per share, with revenues projected to be 129.76 million, down 6.6% from the previous year [9]