Analysts on Wall Street project that Agilysys (AGYS) will announce quarterly earnings of $0.26 per share in its forthcoming report, representing a decline of 18.8% year over year. Revenues are projected to reach $71.28 million, increasing 14.6% from the same quarter last year.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

Given this perspective, it's time to examine the average forecasts of specific Agilysys metrics that are routinely monitored and predicted by Wall Street analysts.

The consensus estimate for 'Net revenue- Products' stands at $10.03 million. The estimate indicates a change of -8.7% from the prior-year quarter.

Based on the collective assessment of analysts, 'Net revenue- Subscription and maintenance' should arrive at $45.39 million. The estimate indicates a change of +24.1% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net revenue- Professional services' will likely reach $15.85 million. The estimate indicates a change of +8.2% from the prior-year quarter.

View all Key Company Metrics for Agilysys here>>>

Shares of Agilysys have demonstrated returns of +23.7% over the past month compared to the Zacks S&P 500 composite's +9.9% change. With a Zacks Rank #4 (Sell), AGYS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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