Hospitality software provider Agilysys (NASDAQ:AGYS) will announce earnings results after the market closes this Monday. This is what you can expect.
Agilysys exceeded analyst revenue expectations by 3.1% last quarter, reporting revenue of $79.3 million, up 16.1% year over year. It was a very strong quarter for the company, with an impressive showing of analyst EBITDA estimates and full-year revenue expectations exceeding analyst expectations.
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This quarter, analysts expect Agilysys revenue to grow 14% year-over-year to $79.28 million, in line with the 14.9% increase recorded in the same quarter last year. Adjusted earnings are expected to be $0.46 per share.
Analysts covering the company have generally reaffirmed their estimates over the last thirty days, suggesting they expect the company to continue its trajectory on the earnings front. Agilysys has missed Wall Street revenue estimates three times in the past two years.
With Agilysys being the first of its peers to report earnings this season, we don’t have to look anywhere else to get an idea of how this quarter will unfold for vertical software stocks. However, the entire sector has been hit hard over the past month, as shares in Agilysys’ peer group have fallen by an average of 8.6%. Agilysys is down 11.4% over the same period and is heading for a profit with an average analyst price target of $142 (compared to the current share price of $107.70).
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