Sphere 3D(US:ANY) ZACKS·2024-11-15 02:51Group 1 - Sphere 3D Corp. reported quarterly earnings of $0.01 per share, surpassing the Zacks Consensus Estimate of a loss of $0.19 per share, and showing improvement from a loss of $0.38 per share a year ago, resulting in an earnings surprise of 105.26% [1] - The company posted revenues of $2.36 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 52.90%, and this is a decline from year-ago revenues of $5.72 million [2] - Sphere 3D shares have decreased by approximately 53.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] Group 2 - 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 trend of estimate revisions for Sphere 3D is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.19 on revenues of $4.9 million, and for the current fiscal year, it is -$0.52 on revenues of $21.5 million [7] Group 3 - The outlook for the Financial - Miscellaneous Services industry, where Sphere 3D operates, is currently in the top 28% of over 250 Zacks industries, suggesting that the industry’s performance can significantly impact the stock [8]