Analysts Expect Alithya Group Inc. (NYSE:ALYA) Will Post Quarterly Sales of $56.25 Million

Wall Street brokerages expect Alithya Group Inc. (NYSE:ALYA) to announce sales of $56.25 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Alithya Group’s earnings, with the lowest sales estimate coming in at $55.13 million and the highest estimate coming in at $57.38 million. Alithya Group posted sales of $26.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 113.6%. The company is expected to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Alithya Group will report full-year sales of $229.45 million for the current financial year, with estimates ranging from $225.75 million to $232.73 million. For the next financial year, analysts forecast that the firm will post sales of $247.95 million, with estimates ranging from $244.35 million to $252.75 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Alithya Group.

Alithya Group (NYSE:ALYA) last released its quarterly earnings data on Wednesday, June 19th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $72.64 million for the quarter, compared to the consensus estimate of $54.45 million.

Separately, Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th.

Shares of NYSE:ALYA traded down $0.12 during mid-day trading on Friday, hitting $2.83. The company had a trading volume of 723 shares, compared to its average volume of 23,139. The company has a fifty day moving average of $2.81. Alithya Group has a one year low of $2.25 and a one year high of $6.00.

An institutional investor recently bought a new position in Alithya Group stock. Geode Capital Management LLC purchased a new stake in shares of Alithya Group Inc. (NYSE:ALYA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 44,693 shares of the company’s stock, valued at approximately $105,000. Geode Capital Management LLC owned approximately 0.14% of Alithya Group at the end of the most recent quarter.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's digital strategy and transformation services include strategic consulting and organizational change, governance and strategic alignment, investment management, collaborative management and co-management, business and enterprise architecture, managing the people side of change, and project management.

See Also: Why investors pay attention to retained earnings

Get a free copy of the Zacks research report on Alithya Group (ALYA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alithya Group (NYSE:ALYA)

Receive News & Ratings for Alithya Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alithya Group and related companies with MarketBeat.com's FREE daily email newsletter.