Workflow
VirTra, Inc. (VTSI) Q3 Earnings Meet Estimates
VTSIVirTra(VTSI) ZACKS·2024-11-12 23:41

Core Viewpoint - VirTra, Inc. reported quarterly earnings of 0.05pershare,matchingtheZacksConsensusEstimate,butdownfrom0.05 per share, matching the Zacks Consensus Estimate, but down from 0.15 per share a year ago [1] - The company posted revenues of 7.48millionforthequarter,exceedingtheZacksConsensusEstimateby9.987.48 million for the quarter, exceeding the Zacks Consensus Estimate by 9.98%, but slightly down from 7.56 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the latest quarter was 0.05,consistentwithestimates,whilethepreviousquarter′sEPSwas0.05, consistent with estimates, while the previous quarter's EPS was 0.11, which was a 10% surprise over the expected 0.10[1]−ThecompanyhassurpassedconsensusEPSestimatestwotimesinthelastfourquarters[1]−Revenueforthequarterwas0.10 [1] - The company has surpassed consensus EPS estimates two times in the last four quarters [1] - Revenue for the quarter was 7.48 million, which is a decrease from 7.56millionyear−over−year,buthastoppedconsensusrevenueestimatestwotimesinthelastfourquarters[2]StockPerformance−VirTrashareshavedeclinedapproximately26.47.56 million year-over-year, but has topped consensus revenue estimates two times in the last four quarters [2] Stock Performance - VirTra shares have declined approximately 26.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for VirTra is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is 0.07 on revenues of 8.09million,andforthecurrentfiscalyear,itis8.09 million, and for the current fiscal year, it is 0.34 on revenues of $29.07 million [7] - The outlook for the Electronics - Military industry, where VirTra operates, is currently in the top 35% of Zacks industries, suggesting a favorable environment for stock performance [8]