Core Insights - Viant Technology reported quarterly earnings of 0.23 per share, representing an earnings surprise of -34.78% [1] - The company posted revenues of 42.6 million [2] - Viant shares have increased approximately 5.3% since the beginning of the year, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 41 million, and for the current fiscal year, it is 206.4 million [7] - The estimate revisions trend for Viant is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which Viant belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Viant Technology (DSP) Misses Q4 Earnings Estimates