Mitek Systems (MITK) reported $51.93 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 10.6%. EPS of $0.36 for the same period compares to $0.24 a year ago.
The reported revenue represents a surprise of +8.52% over the Zacks Consensus Estimate of $47.85 million. With the consensus EPS estimate being $0.26, the EPS surprise was +38.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mitek Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Software and hardware: $26.70 million versus $23.60 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
- Revenue- Service and other: $25.23 million versus $24.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
- Non-GAAP gross profit for services and other: $18.88 million compared to the $17.77 million average estimate based on three analysts.
- Non-GAAP gross profit for software and hardware: $26.68 million versus the three-analyst average estimate of $23.36 million.
View all Key Company Metrics for Mitek Systems here>>>
Shares of Mitek Systems have returned +6% over the past month versus the Zacks S&P 500 composite's +11.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mitek Systems, Inc. (MITK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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