Wall Street brokerages expect Alithya Group Inc. (NASDAQ: ALYA) to post earnings of ($ 0.04) per share for the current quarter, according to Zacks. Three analysts have released estimates for Alithya Group’s earnings. Alithya Group reported earnings per share of ($ 0.06) in the same quarter of last year, suggesting a positive year-over-year growth rate of 33.3%. The company is expected to release its next quarterly results on Thursday, February 10.
On average, analysts expect Alithya Group to report annual earnings of ($ 0.08) per share for the current year, with EPS estimates ranging from ($ 0.10) to (0 , $ 06). For the next fiscal year, analysts expect the company to post earnings of $ 0.05 per share, with EPS estimates ranging from $ 0.00 to $ 0.08. Zacks EPS Averages is an average based on a survey of research companies that cover the Alithya Group.
Alithya Group (NASDAQ: ALYA) last released its results on Thursday, November 11. The company reported ($ 0.03) earnings per share for the quarter, reaching the Thomson Reuters consensus estimate of ($ 0.03). The company posted revenue of $ 83.62 million for the quarter, compared to analysts’ expectations of $ 75.17 million. The Alithya Group recorded a negative return on equity of 8.17% and a negative net margin of 3.37%.
A number of brokerage firms have recently commented on ALYA. Scotiabank raised its price target for Alithya Group shares from C $ 3.50 to C $ 3.75 and assigned the company a “sector performance” rating in a research report on Friday, November 12. Echelon Wealth Partners reaffirmed a “buy” rating on the shares of the Alithya Group in a report published on Thursday 11 November. Desjardins upgraded Alithya Group’s shares from a “hold” rating to a “buy” rating in a report published on Monday, November 15. Finally, Zacks Investment Research downgraded Alithya Group shares from a “hold” rating to a “sell” rating in a report released on Thursday, December 2. One analyst assigned a sell rating to the stock, two assigned a conservation rating, and two assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $ 3.36.
ALYA traded up $ 0.02 during trading hours on Friday, reaching $ 2.45. The company’s shares had a trade volume of 3,988 shares, compared to its average volume of 383,742. The company has a leverage ratio of 0.50, a current ratio of 1.58, and a rapid ratio. of 1.58. The stock has a market cap of $ 136.23 million, a PE ratio of -17.50 and a beta of 0.98. The Alithya group has a minimum of $ 2.01 over 52 weeks and a maximum of $ 5.47 over 52 weeks. The company’s 50-day moving average is $ 2.66 and its 200-day moving average is $ 2.71.
A number of hedge funds have recently increased or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in Alithya Group by 1.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 892,142 shares of the company valued at $ 2,507,000 after acquiring 9,421 additional shares during the period. Carnegie Capital Asset Management LLC acquired a new stake in the Alithya group in the third quarter valued at approximately $ 26,000. Citadel Advisors LLC acquired a new stake in Alithya Group in the 1st quarter for a value of approximately $ 37,000. Millennium Management LLC purchased a new stake in Alithya Group in the second quarter for a value of approximately $ 54,000. Finally, Geode Capital Management LLC increased its stake in Alithya Group by 164.3% in the second quarter. Geode Capital Management LLC now owns 36,580 shares of the company valued at $ 102,000 after acquiring an additional 22,742 shares during the period. 30.47% of the shares are held by hedge funds and other institutional investors.
Alithya Group Company Profile
Alithya Group Inc provides digital strategy and technology services in Canada, United States and Europe. The company’s business strategy services include strategic consulting, digital transformation, organizational performance and enterprise architecture services. It also provides application services, such as digital DevOps applications, modernization of legacy systems, software control and engineering, cloud infrastructure, quality assurance and automated testing; enterprise solutions including enterprise resource planning, enterprise performance management, customer relationship management and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI) and machine learning, as well as the Internet of Things.
Testimonial: How to start trading on the forex market?
Get a Free Copy of Zacks’ Research Report on the Alithya Group (ALYA)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in the Alithya Group now?
Before you consider Alithya Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Alithya Group was not on the list.
While the Alithya Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.
See the 5 actions here