nCino(US:NCNO) ZACKSยท2024-12-04 23:26Earnings Performance - NCino reported quarterly earnings of $0 21 per share, beating the Zacks Consensus Estimate of $0 16 per share, representing a 31 25% earnings surprise [1] - The company's earnings per share (EPS) increased from $0 14 per share a year ago [1] - Over the last four quarters, NCino has surpassed consensus EPS estimates four times [2] Revenue Performance - NCino posted revenues of $138 8 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 1 22% [2] - This represents an increase from year-ago revenues of $121 94 million [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - NCino shares have added about 23 4% since the beginning of the year, underperforming the S&P 500's gain of 26 8% [4] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate is $0 18 on $143 66 million in revenues for the coming quarter and $0 67 on $541 02 million in revenues for the current fiscal year [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [6] - The estimate revisions trend for NCino is mixed, translating into a Zacks Rank 3 (Hold) [7] Industry Outlook - The Internet - Software industry is currently in the top 16% of the 250 plus Zacks industries [9] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Peer Comparison - Samsara Inc (IOT) is expected to post quarterly earnings of $0 04 per share in its upcoming report, representing no change from the year-ago quarter [10] - Samsara Inc's revenues are expected to be $310 65 million, up 30 8% from the year-ago quarter [11]