Wall Street analysts expect SS&C Technologies (SSNC) to post quarterly earnings of $1.62 per share in its upcoming report, which indicates a year-over-year increase of 2.5%. Revenues are expected to be $1.63 billion, up 6.5% from the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific SS&C Technologies metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Adjusted Revenues- License, maintenance and related' to come in at $272.73 million. The estimate indicates a year-over-year change of -1.1%.
The average prediction of analysts places 'Adjusted Revenues- Software-enabled services' at $1.36 billion. The estimate points to a change of +8.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- License, maintenance and related' should arrive at $279.24 million. The estimate indicates a year-over-year change of +1.3%.
View all Key Company Metrics for SS&C Technologies here>>>
Over the past month, shares of SS&C Technologies have returned -17.1% versus the Zacks S&P 500 composite's +0.9% change. Currently, SSNC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. 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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