Analysts on Wall Street project that SS&C Technologies (SSNC) will announce quarterly earnings of $1.77 per share in its forthcoming report, representing an increase of 12.7% year over year. Revenues are projected to reach $1.69 billion, increasing 7.8% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific SS&C Technologies metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Adjusted Revenues- License, maintenance and related' should arrive at $269.65 million. The estimate suggests a change of +4.3% year over year.
Analysts forecast 'Adjusted Revenues- Technology-enabled services' to reach $1.42 billion. The estimate points to a change of +8.6% from the year-ago quarter.
The consensus estimate for 'Revenues- License, maintenance and related' stands at $273.85 million. The estimate indicates a year-over-year change of +5.9%.
Analysts expect 'Revenues- Technology-enabled services' to come in at $1.41 billion. The estimate points to a change of +7.9% from the year-ago quarter.
View all Key Company Metrics for SS&C Technologies here>>>Shares of SS&C Technologies have experienced a change of +5.3% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SSNC is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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SS&C Technologies Holdings, Inc. (SSNC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).