Atlassian (US:TEAM) ZACKSยท2025-01-30 23:25Group 1 - Atlassian reported quarterly earnings of $0.96 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, and showing an increase from $0.73 per share a year ago, resulting in an earnings surprise of 31.51% [1] - The company achieved revenues of $1.29 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.12%, compared to $1.06 billion in the same quarter last year [2] - Atlassian has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 11.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.7% [3] - The future performance of Atlassian's stock will largely depend on management's commentary during the earnings call and the subsequent revisions of earnings estimates [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.84 on revenues of $1.32 billion, and for the current fiscal year, it is $3.19 on revenues of $5.09 billion [7] Group 3 - The Internet - Software industry, to which Atlassian belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]