Yahoo Finance Agilysys (AGYS) Reports Earnings Tomorrow: What To Expect
Hospitality industry software provider Agilysys (NASDAQ:AGYS) will be announcing earnings results tomorrow after market close. Here's what investors should know.
Agilysys met analysts' revenue expectations last quarter, reporting revenues of $62.22 million, up 17.6% year on year. It was an ok quarter for the company, with management forecasting decent growth.
Is Agilysys a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Agilysys's revenue to grow 15% year on year to $64.44 million, slowing from the 18% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Agilysys has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 2.4% on average.
Looking at Agilysys's peers in the vertical software segment, only Adobe has reported results so far. It met analysts' revenue estimates, delivering year-on-year sales growth of 10.2%. The stock traded up 14.5% on the results.
Read our full analysis of Adobe's earnings results here.
There has been positive sentiment among investors in the vertical software segment, with share prices up 5% on average over the last month. Agilysys is up 9.6% during the same time and is heading into earnings with an average analyst price target of $117.2 (compared to the current share price of $107.89).
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