Wall Street analysts forecast that SS&C Technologies (SSNC) will report quarterly earnings of $1.39 per share in its upcoming release, pointing to a year-over-year increase of 9.5%. It is anticipated that revenues will amount to $1.52 billion, exhibiting an increase of 4.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain SS&C Technologies metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Adjusted Revenues- Software-enabled services' to reach $1.27 billion. The estimate indicates a year-over-year change of +6.3%.
The consensus estimate for 'Revenues- License, maintenance and related' stands at $264.85 million. The estimate indicates a year-over-year change of +2.2%.
Analysts expect 'Adjusted Revenues- License, maintenance and related' to come in at $252.69 million. The estimate indicates a change of -2.5% from the prior-year quarter.
View all Key Company Metrics for SS&C Technologies here>>>
Over the past month, SS&C Technologies shares have recorded returns of +5% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), SSNC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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SS&C Technologies Holdings, Inc. (SSNC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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