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Compared to Estimates, American Software (AMSWA) Q1 Earnings: A Look at Key Metrics
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For the quarter ended July 2023, American Software (AMSWA - Free Report) reported revenue of $29.17 million, down 6.8% over the same period last year. EPS came in at $0.12, compared to $0.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $29.07 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.09.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 American Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Professional services and other: $6.95 million versus $13.54 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change.
Revenues- Maintenance: $8.16 million versus the two-analyst average estimate of $7.84 million. The reported number represents a year-over-year change of -8.3%.
Revenues- License fees: $0.29 million versus the two-analyst average estimate of $0.34 million. The reported number represents a year-over-year change of -9.7%.
Revenues- Subscription fees: $13.76 million versus the two-analyst average estimate of $7.35 million. The reported number represents a year-over-year change of +14.1%.
Shares of American Software have returned +3.8% over the past month versus the Zacks S&P 500 composite's -2.1% 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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Compared to Estimates, American Software (AMSWA) Q1 Earnings: A Look at Key Metrics
For the quarter ended July 2023, American Software (AMSWA - Free Report) reported revenue of $29.17 million, down 6.8% over the same period last year. EPS came in at $0.12, compared to $0.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $29.07 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.09.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 American Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Professional services and other: $6.95 million versus $13.54 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change.
- Revenues- Maintenance: $8.16 million versus the two-analyst average estimate of $7.84 million. The reported number represents a year-over-year change of -8.3%.
- Revenues- License fees: $0.29 million versus the two-analyst average estimate of $0.34 million. The reported number represents a year-over-year change of -9.7%.
- Revenues- Subscription fees: $13.76 million versus the two-analyst average estimate of $7.35 million. The reported number represents a year-over-year change of +14.1%.
View all Key Company Metrics for American Software here>>>Shares of American Software have returned +3.8% over the past month versus the Zacks S&P 500 composite's -2.1% 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.