Wall Street analysts forecast that Agilysys (AGYS) will report quarterly earnings of $0.55 per share in its upcoming release, pointing to a year-over-year increase of 37.5%. It is anticipated that revenues will amount to $91.34 million, exhibiting an increase of 15.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Agilysys metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net revenue- Products' to reach $10.08 million. The estimate indicates a year-over-year change of -0.2%.
The combined assessment of analysts suggests that 'Net revenue- Subscription and maintenance' will likely reach $61.72 million. The estimate indicates a year-over-year change of +21.1%.
The consensus estimate for 'Net revenue- Professional services' stands at $19.43 million. The estimate indicates a year-over-year change of +6.5%.
View all Key Company Metrics for Agilysys here>>>Shares of Agilysys have experienced a change of +16% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AGYS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Agilysys, Inc. (AGYS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).