Hospitality software provider Agilysys (NASDAQ: AGYS) will be reporting results this Monday after the bell. Here’s what to look for.
Agilysys beat analysts’ revenue expectations last quarter, reporting revenues of $82.95 million, up 11.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year guidance of robust revenue growth.
Is Agilysys a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Agilysys’s revenue to grow 12.4% year on year, slowing from the 20.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Agilysys has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Agilysys’s peers in the vertical software segment, only Adobe has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 12.7%. The stock price was unchanged following 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 3.9% on average over the last month. Agilysys is down 5.3% during the same time and is heading into earnings with an average analyst price target of $127.33 (compared to the current share price of $97.12).
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