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Unlocking Q2 Potential of American Software (AMSWA): Exploring Wall Street Estimates for Key Metrics
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The upcoming report from American Software (AMSWA - Free Report) is expected to reveal quarterly earnings of $0.09 per share, indicating a decline of 10% compared to the year-ago period. Analysts forecast revenues of $28 million, representing a decrease of 11% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship 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.
That said, let's delve into the average estimates of some American Software metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenues- Professional services and other' will reach $7.55 million. The estimate points to a change of -21.3% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Maintenance' will likely reach $7.82 million. The estimate indicates a year-over-year change of -11.4%.
The consensus estimate for 'Revenues- Subscription fees' stands at $14.03 million. The estimate points to a change of +13.8% from the year-ago quarter.
Analysts forecast 'Gross margin on subscription fees' to reach $9.80 million. Compared to the present estimate, the company reported $8.27 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Gross margin on maintenance' of $6.37 million. The estimate compares to the year-ago value of $7.25 million.
Over the past month, shares of American Software have returned -1.9% versus the Zacks S&P 500 composite's +1.4% change. Currently, AMSWA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with 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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Unlocking Q2 Potential of American Software (AMSWA): Exploring Wall Street Estimates for Key Metrics
The upcoming report from American Software (AMSWA - Free Report) is expected to reveal quarterly earnings of $0.09 per share, indicating a decline of 10% compared to the year-ago period. Analysts forecast revenues of $28 million, representing a decrease of 11% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship 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.
That said, let's delve into the average estimates of some American Software metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenues- Professional services and other' will reach $7.55 million. The estimate points to a change of -21.3% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Maintenance' will likely reach $7.82 million. The estimate indicates a year-over-year change of -11.4%.
The consensus estimate for 'Revenues- Subscription fees' stands at $14.03 million. The estimate points to a change of +13.8% from the year-ago quarter.
Analysts forecast 'Gross margin on subscription fees' to reach $9.80 million. Compared to the present estimate, the company reported $8.27 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Gross margin on maintenance' of $6.37 million. The estimate compares to the year-ago value of $7.25 million.
View all Key Company Metrics for American Software here>>>
Over the past month, shares of American Software have returned -1.9% versus the Zacks S&P 500 composite's +1.4% change. Currently, AMSWA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>