CI&T Inc(CINT) ZACKS·2024-11-14 14:25Group 1: Earnings Performance - CI&T Inc. reported quarterly earnings of 0.05 per share, representing an earnings surprise of -20% [1] - The company posted revenues of 108.42 million [2] - Over the last four quarters, CI&T has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - CI&T shares have increased approximately 31.2% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the coming quarter is 114.36 million, and 420.38 million for the current fiscal year [7] - The estimate revisions trend for CI&T is currently favorable, translating into a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Industry Context - The Internet - Software industry, to which CI&T belongs, is currently in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [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]