American Software Inc reports results for the quarter ended in January - Earnings Summary

Logility Supply Chain Solutions

23/02/2024 03:03

* American Software Inc  AMSWA.OQ  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
four analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 5 cents to 8
cents per share.
    * Revenue fell 17.7% to $25.54 million from a year ago;
analysts
expected $24.81 million. 
    * American Software Inc's reported EPS for the quarter was
12
cents​.
    * The company reported quarterly net income of $4.09
million.
    * American Software Inc shares had fallen by 4.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "buy."

Wall Street's median 12-month price target for American Software
Inc is $16.00 
This summary was machine generated from LSEG data February 23 at
03:02 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.07           0.19           Beat
 Oct. 31 2023      0.09           0.08           Missed
 Jul. 31 2023      0.09           0.12           Beat
 Apr. 30 2023      0.09           0.12           Beat