Peraso (PRSO) Reports Q3 Loss, Tops Revenue Estimates

Core Insights - Peraso reported a quarterly loss of $0.15 per share, better than the Zacks Consensus Estimate of a loss of $0.25, marking an earnings surprise of +40.00% [1] - The company achieved revenues of $3.23 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.00%, although this represents a decline from $3.84 million year-over-year [2] - Peraso has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Financial Performance - The company experienced a loss of $0.34 per share in the same quarter last year, indicating improvement in performance year-over-year [1] - Peraso's shares have declined approximately 1.7% since the beginning of the year, contrasting with the S&P 500's gain of 14.4% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.18 on revenues of $3.58 million, and for the current fiscal year, it is -$0.59 on revenues of $12.74 million [7] - The estimate revisions trend for Peraso was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which Peraso belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [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]