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Tyler (TYL) to Report Q4 Earnings: What's in the Cards?
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Tyler Technologies (TYL - Free Report) is set to report fourth-quarter 2022 results on Feb 15.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.74 per share, down a penny from the year-ago quarter’s earnings of $1.75. Further, the consensus mark for revenues stands at $452.1 million, calling for a 4.1% increase from the year-ago quarter.
Tyler surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 5.2%.
In the last reported quarter, TYL’s non-GAAP earnings of $2.06 per share surpassed the Zacks Consensus Estimate by 20 cents. Moreover, revenues of $473.2 million beat the consensus mark of $466.5 million.
Let’s see how things have shaped up for the upcoming announcement.
Tyler’s fourth-quarter performance is likely to have benefited from the public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems. It has been continuously advancing its core software applications and expanding the complementary product and service portfolios to fulfill the changing needs of customers and respond to technological advancements.
The COVID-19 outbreak disrupted almost every area of the federal government through mandated shutdowns, which led to the growing demand for contactless, digital interaction and transactions with the government among citizens and businesses. As a result, high-level areas in state governments are focusing on transforming their operations digitally. This trend is likely to have aided Tyler’s results during the quarter under review.
In addition, the company’s closed acquisitions over the past 12 months are anticipated to have brought incremental revenues during the quarter under review. TYL bought three businesses in the last 12 months, namely US eDirect, Quatred and Rapid.
However, the ongoing macroeconomic and geopolitical issues might have disrupted Tyler’s business during the period in discussion. Inflationary pressures might have led public sector entities to delay procurement processes and lengthen sales cycles, which could have hurt Tyler’s revenues in the quarter under review. Also, higher employee healthcare expenses are expected to have clipped TYL’s operating margins during the quarter to be reported.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Tyler this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Tyler currently carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Vipshop Holdings (VIPS - Free Report) , Cisco Systems (CSCO - Free Report) and Applied Materials (AMAT - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Vipshop sports a Zacks Rank #1 and has an Earnings ESP of +1.01%. The company is expected to report fourth-quarter 2022 results on Feb 22. Its earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while missing the same on one occasion, the average surprise being 20.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vipshop’s fourth-quarter earnings stands at 50 cents per share, implying a year-over-year increase of 22%. It is estimated to report revenues of $4.52 billion, which suggests a decline of 15.6% from the year-ago quarter.
Cisco carries a Zacks Rank #3 and has an Earnings ESP of +1.66%. The company is slated to report second-quarter fiscal 2023 results on Feb 15. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 2.1%.
The Zacks Consensus Estimate for CSCO’s fiscal second-quarter earnings is pegged at 86 per share, indicating a year-over-year increase of 2.4%. The consensus mark for revenues stands at $13.43 billion, suggesting a year-over-year increase of 5.6%.
Applied Materials is slated to report first-quarter fiscal 2023 results on Feb 16. The company has a Zacks Rank #3 and an Earnings ESP of +0.42% at present. AMAT’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing the same on one occasion, the average surprise being 6.8%.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.93 per share, suggesting an increase of 2.1% from the year-ago quarter’s earnings of $1.89. Applied Materials’ quarterly revenues are estimated to increase 6.6% year over year to $6.69 billion.
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Tyler (TYL) to Report Q4 Earnings: What's in the Cards?
Tyler Technologies (TYL - Free Report) is set to report fourth-quarter 2022 results on Feb 15.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.74 per share, down a penny from the year-ago quarter’s earnings of $1.75. Further, the consensus mark for revenues stands at $452.1 million, calling for a 4.1% increase from the year-ago quarter.
Tyler surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 5.2%.
In the last reported quarter, TYL’s non-GAAP earnings of $2.06 per share surpassed the Zacks Consensus Estimate by 20 cents. Moreover, revenues of $473.2 million beat the consensus mark of $466.5 million.
Let’s see how things have shaped up for the upcoming announcement.
Tyler Technologies, Inc. Price and EPS Surprise
Tyler Technologies, Inc. price-eps-surprise | Tyler Technologies, Inc. Quote
Factors to Consider
Tyler’s fourth-quarter performance is likely to have benefited from the public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems. It has been continuously advancing its core software applications and expanding the complementary product and service portfolios to fulfill the changing needs of customers and respond to technological advancements.
The COVID-19 outbreak disrupted almost every area of the federal government through mandated shutdowns, which led to the growing demand for contactless, digital interaction and transactions with the government among citizens and businesses. As a result, high-level areas in state governments are focusing on transforming their operations digitally. This trend is likely to have aided Tyler’s results during the quarter under review.
In addition, the company’s closed acquisitions over the past 12 months are anticipated to have brought incremental revenues during the quarter under review. TYL bought three businesses in the last 12 months, namely US eDirect, Quatred and Rapid.
However, the ongoing macroeconomic and geopolitical issues might have disrupted Tyler’s business during the period in discussion. Inflationary pressures might have led public sector entities to delay procurement processes and lengthen sales cycles, which could have hurt Tyler’s revenues in the quarter under review. Also, higher employee healthcare expenses are expected to have clipped TYL’s operating margins during the quarter to be reported.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Tyler this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Tyler currently carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Vipshop Holdings (VIPS - Free Report) , Cisco Systems (CSCO - Free Report) and Applied Materials (AMAT - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Vipshop sports a Zacks Rank #1 and has an Earnings ESP of +1.01%. The company is expected to report fourth-quarter 2022 results on Feb 22. Its earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while missing the same on one occasion, the average surprise being 20.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vipshop’s fourth-quarter earnings stands at 50 cents per share, implying a year-over-year increase of 22%. It is estimated to report revenues of $4.52 billion, which suggests a decline of 15.6% from the year-ago quarter.
Cisco carries a Zacks Rank #3 and has an Earnings ESP of +1.66%. The company is slated to report second-quarter fiscal 2023 results on Feb 15. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 2.1%.
The Zacks Consensus Estimate for CSCO’s fiscal second-quarter earnings is pegged at 86 per share, indicating a year-over-year increase of 2.4%. The consensus mark for revenues stands at $13.43 billion, suggesting a year-over-year increase of 5.6%.
Applied Materials is slated to report first-quarter fiscal 2023 results on Feb 16. The company has a Zacks Rank #3 and an Earnings ESP of +0.42% at present. AMAT’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing the same on one occasion, the average surprise being 6.8%.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.93 per share, suggesting an increase of 2.1% from the year-ago quarter’s earnings of $1.89. Applied Materials’ quarterly revenues are estimated to increase 6.6% year over year to $6.69 billion.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.