How did VIRC's Q4 2024 earnings surprise impact investor sentiment?

Virco Mfg.'s (VIRC) Q4 2024 earnings surprise had a negative impact on investor sentiment, as evidenced by the company's financial performance and market reaction.

1. **Earnings Surprise**: VIRC reported an EPS surprise of -$0.01 for Q4 2024. This indicates that the company's actual earnings fell short of market expectations, which typically leads to a negative reaction from investors.

|code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|VIRC|VIRC.O|Virco Mfg.|2024 Q1|1243000|0.08|185|
|VIRC|VIRC.O|Virco Mfg.|2024 Q2|1.2101E7|0.31|185|
|VIRC|VIRC.O|Virco Mfg.|2024 Q4|1901000|-0.01|185|

2. **Net Income Decline**: The company experienced a significant quarter-over-quarter decline in net income, with a decrease of 50.09%. This substantial drop in profitability likely contributed to investor concerns about the company's financial health and future prospects.
3. **Investor Sentiment**: The combination of the earnings surprise and the net income decline would likely have led to a negative sentiment among investors. Investors may have become more cautious or even sold off their shares due to the perceived risks associated with the company's poor financial performance.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|VIRC|VIRC.O|Virco Mfg.|2024 Q1|71.63650668764751|-1442000|185|
|VIRC|VIRC.O|Virco Mfg.|2024 Q2|60.47520661157024|1.5534E7|185|
|VIRC|VIRC.O|Virco Mfg.|2024 Q3|29.015873015873016|1.016E7|185|
|VIRC|VIRC.O|Virco Mfg.|2024 Q4|-157.45829244357213|-2342000|185|

In conclusion, VIRC's Q4 2024 earnings surprise, with a negative EPS surprise and a substantial net income decline, would have likely contributed to a negative sentiment among investors.