Intapp (INTA) Tops Q2 Earnings and Revenue Estimates

Core Insights - Intapp (INTA) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of 23.53% [1][2] - The company achieved revenues of $121.21 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.05% and increasing from $103.93 million year-over-year [2] - Intapp has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Intapp's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on recent earnings and future expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $126.36 million, and for the current fiscal year, it is $0.76 on revenues of $497.54 million [7] Industry Context - The Internet - Software industry, to which Intapp belongs, is currently ranked in the top 27% 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]