Immersion (IMMR) Tops Q3 Earnings and Revenue Estimates

Core Viewpoint - Immersion (IMMR) reported quarterly earnings of $0.83 per share, significantly exceeding the Zacks Consensus Estimate of$0.15 per share, marking an earnings surprise of 453.33% [1]. Financial Performance - The company achieved revenues of $616.25 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5,983.41$9.48 million a year ago [2]. - Over the last four quarters, Immersion has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2]. Stock Performance - Immersion shares have increased approximately 29.7% since the beginning of the year, outperforming the S&P 500's gain of 26.9% [4]. Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5]. - The current consensus EPS estimate for the next quarter is $0.15 on revenues of$10.42 million, and for the current fiscal year, it is $1.96 on revenues of$116.8 million [8]. Industry Context - The Computer - Peripheral Equipment industry, to which Immersion belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9].