Intellinetics, Inc. (INLX) Misses Q2 Earnings Estimates

Company Performance - Intellinetics, Inc. reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of$ 0.04 per share, and down from $0.03 per share a year ago, representing an earnings surprise of -50% [1] - The company posted revenues of$ 4.64 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.69%, and up from $4.26 million year-over-year [2] - Over the last four quarters, Intellinetics has surpassed consensus revenue estimates three times, but has only exceeded EPS estimates once [2] Stock Performance - Intellinetics shares have increased approximately 78.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 12.1% [3] - The current Zacks Rank for Intellinetics is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.06 on revenues of $4.82 million, and for the current fiscal year, it is$ 0.08 on revenues of $18.48 million [7] - The outlook for the Internet - Content industry, to which Intellinetics belongs, is currently in the bottom 42% of Zacks industries, which may impact the stock's performance [8]