Alithya Group (ALYAF) Surpasses Q1 Earnings Estimates

Company Performance - Alithya Group reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, and showing an increase from earnings of $0.01 per share a year ago, representing a 300% earnings surprise [1] - The company posted revenues of $88.35 million for the quarter ended June 2024, which was 3.56% below the Zacks Consensus Estimate and a decrease from year-ago revenues of $97.98 million [1] - Over the last four quarters, Alithya has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [1] Market Performance - Alithya shares have increased approximately 3.8% since the beginning of the year, while the S&P 500 has gained 13.9% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $89.38 million, and for the current fiscal year, it is $0.10 on revenues of $371.74 million [4] - The trend of estimate revisions for Alithya is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Technology Services industry, to which Alithya belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Society Pass Incorporated, another company in the same industry, is expected to report a quarterly loss of $0.84 per share, reflecting a year-over-year change of +53.3%, with revenues projected at $2.33 million, up 6.4% from the previous year [5]