Alithya Group (ALYAF) Tops Q3 Earnings and Revenue Estimates

Core Viewpoint - Alithya Group reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of a loss of $0.04 per share, marking a significant earnings surprise of 175% [1] Financial Performance - The company posted revenues of $88.52 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.78%, but down from $96.34 million year-over-year [1] - Over the last four quarters, Alithya has surpassed consensus EPS estimates four times, while it has topped consensus revenue estimates only once [1] Stock Performance and Outlook - Alithya shares have increased by approximately 0.7% since the beginning of the year, compared to the S&P 500's gain of 3.8% [2] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $90.81 million, and for the current fiscal year, it is -$0.17 on revenues of $361.22 million [4] Industry Context - The Technology Services industry, to which Alithya belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - The performance of Alithya's stock may be influenced by the overall industry outlook and the results of other companies in the sector, such as Block (SQ), which is expected to report results on February 22 [4]