Viant Technology (DSP) Beats Q3 Earnings and Revenue Estimates

Group 1 - Viant Technology reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of$ 0.14 per share, and up from $0.08 per share a year ago, representing an earnings surprise of 7.14% [1] - The company achieved revenues of$ 47.35 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.99%, and up from $39.1 million year-over-year [2] - Viant has outperformed the S&P 500, with shares increasing approximately 97.7% since the beginning of the year compared to the S&P 500's gain of 25.8% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is$ 0.23 on revenues of $52 million, and for the current fiscal year, it is$ 0.46 on revenues of $172.8 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is in the top 26% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] Group 3 - The estimate revisions trend for Viant is mixed, resulting in a Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] - Full Truck Alliance Co. Ltd., another company in the same industry, is expected to report quarterly earnings of$ 0.15 per share, reflecting a year-over-year increase of 36.4% [9]