Alithya Group (ALYAF) Q2 Earnings Surpass Estimates

Core Insights - Alithya Group reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, representing a 300% earnings surprise [1][2] - The company posted revenues of $81.75 million for the quarter ended September 2024, which was 7.09% below the Zacks Consensus Estimate and a decrease from $88.33 million year-over-year [2] - Alithya has surpassed consensus EPS estimates in all four of the last quarters, but has only topped revenue estimates once in the same period [2] Company Performance - Alithya shares have declined approximately 4.5% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $91.34 million, and for the current fiscal year, it is $0.09 on revenues of $361.86 million [7] Industry Context - The Technology Services industry, to which Alithya belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Alithya's stock performance [5][6]