Axos Financial (AX) Beats Q3 Earnings and Revenue Estimates

Company Performance - Axos Financial reported quarterly earnings of $1.81 per share, exceeding the Zacks Consensus Estimate of$ 1.74 per share, but down from $1.94 per share a year ago, representing an earnings surprise of 4.02% [1] - The company posted revenues of$ 308.84 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.72% and up from $294.77 million year-over-year [2] - Over the last four quarters, Axos Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - Axos Financial shares have declined approximately 8.5% since the beginning of the year, compared to a 5.5% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.82 on revenues of $312.11 million, and for the current fiscal year, it is$ 7.24 on revenues of $1.24 billion [7] - The estimate revisions trend for Axos Financial is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Axos Financial belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]