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

Logility Supply Chain Solutions

22/08/2024 22:01

* American Software Inc  AMSWA.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in July,
identical to the same quarter last year.  The mean expectation
of three analysts for the quarter was for earnings of 8 cents
per share. Wall Street expected results to range from 7 cents
to 8 cents per share.
    * Revenue fell 10.2% to $26.19 million from a year ago;
analysts
expected $25.26 million. 
    * American Software Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $2.05
million.
    * American Software Inc shares had risen by 12.9% this
quarter and
lost 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for American Software
Inc is $16.00 
This summary was machine generated from LSEG data August 22 at
09:00 p.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
 Jul. 31 2024      0.08           0.12           Beat
 Apr. 30 2024      0.08           0.12           Beat
 Jan. 31 2024      0.07           0.19           Beat
 Oct. 31 2023      0.09           0.08           Missed