UiPath(PATH) ZACKS·2024-12-05 23:21Earnings Performance - UiPath reported quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.07 per share, representing a 57.14% earnings surprise [1] - The company's earnings were $0.12 per share a year ago, adjusted for non-recurring items [1] - In the previous quarter, UiPath posted earnings of $0.04 per share, surpassing the expected $0.03 per share, with a 33.33% surprise [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Revenue Performance - UiPath posted revenues of $354.65 million for the quarter ended October 2024, exceeding the Zacks Consensus Estimate by 2.03% [2] - This compares to year-ago revenues of $325.92 million [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance and Market Comparison - UiPath shares have declined approximately 38.3% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook and Earnings Estimates - The current consensus EPS estimate for the coming quarter is $0.17 on $423.36 million in revenues [8] - For the current fiscal year, the consensus EPS estimate is $0.40 on $1.42 billion in revenues [8] - The estimate revisions trend for UiPath is mixed, resulting in a Zacks Rank 3 (Hold) [7] Industry Context - UiPath belongs to the Zacks Technology Services industry, which is currently in the top 28% of over 250 Zacks industries [9] - The top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9] Peer Comparison - Skillsoft Corp (SKIL), another company in the same industry, is expected to report a quarterly loss of $3.01 per share for the quarter ended October 2024, representing a year-over-year improvement of 12.8% [10] - Skillsoft Corp's revenues are expected to be $129.76 million, down 6.6% from the year-ago quarter [11]