Agilysys (AGYS) To Report Earnings Tomorrow: Here Is What To Expect
Hospitality industry software provider Agilysys (NASDAQ:AGYS) will be announcing earnings results tomorrow after the bell. Here's what investors should know.
Last quarter Agilysys reported revenues of $56.1 million, up 18% year on year, beating analyst revenue expectations by 1.49%. It was a slower quarter for the company, with a decline in its gross margin and full-year revenue guidance slightly missing analysts' expectations.
Is Agilysys buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Agilysys's revenue to grow 19% year on year to $56.8 million, slowing down from the 26% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Agilysys's peers in the vertical software segment, only Adobe has so far reported results, delivering top-line growth of 10.3% year on year, and beating analyst estimates by 0.47%. The stock was flat on the results.
Read our full analysis of Adobe's earnings results here.
There has been a stampede out of high valuation technology stocks and while some of the software stocks have fared somewhat better, they have not been spared, with share price declining 3.3% over the last month. Agilysys is down 3.07% during the same time, and is heading into the earnings with an analyst price target of $89.4, compared to share price of $64.5.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
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The author has no position in any of the stocks mentioned.
