Agilysys (AGYS) Tops Q4 Earnings and Revenue Estimates

Company Performance - Agilysys reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.26 per share a year ago, representing an earnings surprise of 33.33% [1] - The company achieved revenues of $62.22 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.62% and increasing from $52.9 million year-over-year [1] - Over the last four quarters, Agilysys has consistently surpassed consensus EPS and revenue estimates [1] Market Performance - Agilysys shares have declined approximately 3.6% since the beginning of the year, while the S&P 500 has gained 9.5% [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 [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $65.91 million, and for the current fiscal year, it is $0.99 on revenues of $278.44 million [4] - The Computer - Integrated Systems industry, to which Agilysys belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [4]