Riskified (RSKD) Q3 Earnings and Revenues Surpass Estimates

Company Performance - Riskified reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, compared to a loss of $0.02 per share a year ago, representing an earnings surprise of 50% [1] - The company posted revenues of $78.85 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.28%, and showing an increase from year-ago revenues of $71.87 million [2] - Over the last four quarters, Riskified has consistently surpassed consensus EPS and revenue estimates [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $92.01 million, and for the current fiscal year, it is $0.18 on revenues of $322.05 million [7] - The estimate revisions trend for Riskified is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Riskified belongs, is currently ranked in the top 18% 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]