FiscalNote Holdings, Inc. (NOTE) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - FiscalNote Holdings, Inc. reported a quarterly loss of $1.73 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.84, marking an earnings surprise of -105.95% [1] - The company's revenues for the quarter ended September 2025 were $22.43 million, missing the Zacks Consensus Estimate by 0.32%, and down from $29.44 million a year ago [2] - FiscalNote shares have declined approximately 74.2% year-to-date, contrasting with a 15.6% gain in the S&P 500 [3] Financial Performance - Over the last four quarters, FiscalNote has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.72 on revenues of $23.69 million, and for the current fiscal year, it is -$2.68 on revenues of $96.91 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with management's commentary on the earnings call expected to influence investor sentiment [3][4] - The Zacks Industry Rank places Technology Services in the top 38% of over 250 industries, indicating a favorable environment for potential stock performance [8] Estimate Revisions - The trend for estimate revisions for FiscalNote was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which investors can track [5] Competitor Insights - Alithya Group, another company in the same industry, is expected to report quarterly earnings of $0.04 per share, with revenues projected at $89.59 million, reflecting a 9.6% increase from the previous year [9][10]