Digi International (DGII) Surpasses Q4 Earnings and Revenue Estimates

Group 1 - Digi International reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, with an earnings surprise of 4% [1] - The company posted revenues of $105.05 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.89%, although this represents a decline from year-ago revenues of $112.16 million [2] - Over the last four quarters, Digi International has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2 - The stock has gained approximately 25.5% since the beginning of the year, matching the S&P 500's gain of 25.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.48 on revenues of $104 million, and for the current fiscal year, it is $2.07 on revenues of $433.55 million [7] Group 3 - The Zacks Industry Rank indicates that the Computer - Networking industry is currently in the top 21% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] - The estimate revisions trend for Digi International is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]