AirSculpt Technologies, Inc. (AIRS) Q4 Earnings and Revenues Miss Estimates

Company Performance - AirSculpt Technologies, Inc. reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.11 per share, and down from $0.07 per share a year ago, representing an earnings surprise of -90.91% [1] - The company posted revenues of $47.61 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 0.46%, compared to year-ago revenues of $40.7 million [1] - Over the last four quarters, AirSculpt has not surpassed consensus EPS estimates, and it has topped consensus revenue estimates only two times [1] Stock Performance - AirSculpt Technologies, Inc. shares have lost about 15.8% since the beginning of the year, while the S&P 500 has gained 6.3% [2] - The company's earnings outlook and management commentary on the earnings call will be crucial for the stock's immediate price movement [2][3] Future Earnings Expectations - The current consensus EPS estimate for the coming quarter is $0.10 on revenues of $53.39 million, and for the current fiscal year, it is $0.51 on revenues of $221.53 million [4] - The estimate revisions trend for AirSculpt is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Technology Services industry, to which AirSculpt belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - TTEC Holdings, another company in the same industry, is expected to report quarterly earnings of $0.39 per share, reflecting a year-over-year change of -56.2%, with revenues expected to be $602.98 million, down 8.4% from the year-ago quarter [5][6]