AudioCodes (AUDC) Q1 Earnings Miss Estimates

Core Viewpoint - AudioCodes reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share, representing a -16.67% earnings surprise [1] - The company posted revenues of $60.37 million for the quarter, slightly surpassing the Zacks Consensus Estimate by 0.11% [2] Financial Performance - Earnings for the same quarter last year were $0.17 per share, indicating a year-over-year decline [1] - Over the last four quarters, AudioCodes has surpassed consensus EPS estimates only once [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - AudioCodes shares have declined approximately 4.7% since the beginning of the year, compared to a -3.9% decline in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $62.47 million, and for the current fiscal year, it is $0.83 on revenues of $250 million [7] - The outlook for the Communication - Components industry is currently in the bottom 16% of Zacks industries, which may impact stock performance [8]