Company Performance - Peraso reported a quarterly loss of $0.34 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.17, and a significant improvement from a loss of $1.60 per share a year ago, indicating a surprise of -100% [1] - The company posted revenues of $3.84 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.98%, and down from $4.48 million in the same quarter last year [2] - Over the last four quarters, Peraso has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates three times [2] Stock Performance - Peraso shares have declined approximately 90% since the beginning of the year, contrasting sharply with the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $4.38 million, and for the current fiscal year, it is -$1.33 on revenues of $15.43 million [7] Industry Outlook - The Technology Services industry, to which Peraso belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [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]
Peraso (PRSO) Reports Q3 Loss, Lags Revenue Estimates