MeridianLink (MLNK) Misses Q1 Earnings Estimates

Core Insights - MeridianLink reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share, but showing an improvement from $0.06 per share a year ago [1] - The company posted revenues of $81.49 million for the quarter, exceeding the Zacks Consensus Estimate by 0.67% and up from $77.82 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -18.18%, with the company having surpassed consensus EPS estimates only once in the last four quarters [2] - In the previous quarter, MeridianLink had an earnings surprise of 14.29% by reporting $0.08 per share against an expectation of $0.07 [2] Revenue Insights - MeridianLink has consistently topped consensus revenue estimates, achieving this four times over the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.10, with expected revenues of $81.91 million, and for the current fiscal year, the estimate is $0.36 on revenues of $329.81 million [8] Market Performance - Since the beginning of the year, MeridianLink shares have declined by approximately 15.7%, contrasting with the S&P 500's decline of 3.8% [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [7] Industry Context - The Technology Services industry, to which MeridianLink belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]