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NCR Voyix (VYX) Reports Q3 Loss, Tops Revenue Estimates
VYXNCR Voyix Corp(VYX) ZACKS·2024-11-07 13:50

Core Insights - NCR Voyix reported a quarterly loss of 0.24pershare,significantlyworsethantheZacksConsensusEstimateofalossof0.24 per share, significantly worse than the Zacks Consensus Estimate of a loss of 0.01, and down from earnings of 0.95pershareayearago[1]−Theearningssurprisewas−2,3000.95 per share a year ago [1] - The earnings surprise was -2,300%, with the company having only surpassed consensus EPS estimates once in the last four quarters [2] Financial Performance - NCR Voyix generated revenues of 711 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.30%, but down from 2.02billioninthesamequarterlastyear[3]−Thecompanyhastoppedconsensusrevenueestimatestwotimesoverthelastfourquarters[3]StockPerformance−NCRVoyixshareshavedeclinedapproximately17.32.02 billion in the same quarter last year [3] - The company has topped consensus revenue estimates two times over the last four quarters [3] Stock Performance - NCR Voyix shares have declined approximately 17.3% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.09 on revenues of 700.5million,whiletheestimateforthecurrentfiscalyearis−700.5 million, while the estimate for the current fiscal year is -1.69 on revenues of $2.83 billion [8] - The trend of estimate revisions for NCR Voyix is mixed, which could change following the recent earnings report [7] Industry Context - The Computer - Integrated Systems industry, to which NCR Voyix belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - The performance of NCR Voyix's stock may be influenced by the overall industry outlook [9]