Bandwidth (BAND) Tops Q2 Earnings and Revenue Estimates

Company Performance - Bandwidth reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of$ 0.28 per share, and up from $0.16 per share a year ago, representing an earnings surprise of 3.57% [1] - The company posted revenues of$ 173.6 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.07%, and an increase from $145.87 million year-over-year [1] - Bandwidth has consistently surpassed consensus EPS and revenue estimates over the last four quarters [1] Stock Performance - Bandwidth shares have increased approximately 57.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.31 on revenues of $177.74 million, and for the current fiscal year, it is$ 1.31 on revenues of $715.6 million [4] - The estimate revisions trend for Bandwidth is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Communication - Infrastructure industry, to which Bandwidth belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Anterix, another company in the same industry, is expected to report a quarterly loss of$ 0.45 per share, reflecting a year-over-year change of -309.1%, with its consensus EPS estimate revised 9.7% lower in the last 30 days [5][6]