Radcom (RDCM) Beats Q3 Earnings and Revenue Estimates

Financial Performance - Radcom (RDCM) reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 21.05% [1] - The company posted revenues of $15.82 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.47%, compared to $13.2 million in the same quarter last year [2] - Over the last four quarters, Radcom has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Radcom shares have increased approximately 33.3% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $15.4 million, and for the current fiscal year, it is $0.77 on revenues of $59.3 million [7] Industry Outlook - The Computer - Networking industry, to which Radcom belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Radcom's stock performance [5][6]