Digi International (DGII) Meets Q1 Earnings Estimates

Group 1: Earnings Performance - Digi International reported quarterly earnings of $0.50 per share, matching the Zacks Consensus Estimate and showing an increase from $0.48 per share a year ago [1] - The company had revenues of $103.87 million for the quarter ended December 2024, which was 0.26% below the Zacks Consensus Estimate and a decrease from $106.09 million year-over-year [2] - Over the last four quarters, Digi International has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Digi International shares have increased by approximately 0.5% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The company's current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $104.53 million, and for the current fiscal year, it is $1.95 on revenues of $424.79 million [7] - The Zacks Rank for Digi International is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Computer - Networking industry, to which Digi International belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]