VerifyMe, Inc. (VRME) Reports Q3 Loss, Lags Revenue Estimates

Core Viewpoint - VerifyMe, Inc. reported a quarterly loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a loss of$0.09, representing an earnings surprise of 33.33% [1] - The company posted revenues of $5.44 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.46$5.6 million a year ago [2] Group 1: Earnings Performance - VerifyMe has surpassed consensus EPS estimates three times over the last four quarters [2] - The company had a loss of $0.03 per share in the previous quarter, compared to an expected loss of$0.06, delivering a surprise of 50% [1] Group 2: Stock Performance - VerifyMe shares have increased by approximately 11.6% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The current Zacks Rank for VerifyMe is 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Future Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of$8.63 million, and -$0.19 on revenues of$25.2 million for the current fiscal year [7] - The estimate revisions trend for VerifyMe is mixed, which could change following the recent earnings report [6] Group 4: Industry Context - The Technology Services industry, to which VerifyMe belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]