Alithya Group Inc. (NYSE:ALYA) Expected to Post Quarterly Sales of $56.25 Million

Equities analysts forecast that Alithya Group Inc. (NYSE:ALYA) will report sales of $56.25 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Alithya Group’s earnings. The lowest sales estimate is $55.13 million and the highest is $57.38 million. Alithya Group reported sales of $26.33 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 113.6%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, August 14th.

On average, analysts expect that Alithya Group will report full-year sales of $229.45 million for the current year, with estimates ranging from $225.75 million to $232.73 million. For the next year, analysts forecast that the company will report sales of $247.95 million, with estimates ranging from $244.35 million to $252.75 million. Zacks’ sales averages are an average based on a survey of analysts that follow Alithya Group.

Alithya Group (NYSE:ALYA) last released its quarterly earnings results on Wednesday, June 19th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $72.64 million for the quarter, compared to the consensus estimate of $54.45 million.

Separately, Zacks Investment Research lowered shares of Alithya Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 20th.

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Alithya Group by 272.2% during the second quarter. Bank of Montreal Can now owns 31,450 shares of the company’s stock worth $82,000 after acquiring an additional 23,000 shares during the period. Global Alpha Capital Management Ltd. increased its position in Alithya Group by 62.6% during the second quarter. Global Alpha Capital Management Ltd. now owns 33,509 shares of the company’s stock worth $89,000 after acquiring an additional 12,900 shares during the period. Geode Capital Management LLC bought a new position in Alithya Group during the fourth quarter worth $105,000. Finally, Intact Investment Management Inc. increased its position in Alithya Group by 4.9% during the second quarter. Intact Investment Management Inc. now owns 574,000 shares of the company’s stock worth $2,049,000 after acquiring an additional 27,000 shares during the period.

Shares of NYSE:ALYA traded up $0.01 during trading on Monday, reaching $2.89. The stock had a trading volume of 10,553 shares, compared to its average volume of 21,741. Alithya Group has a 52 week low of $2.25 and a 52 week high of $6.00. The firm’s fifty day moving average is $2.87.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's digital strategy and transformation services include strategic consulting and organizational change, governance and strategic alignment, investment management, collaborative management and co-management, business and enterprise architecture, managing the people side of change, and project management.

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Earnings History and Estimates for Alithya Group (NYSE:ALYA)

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