Recap: American Software Q2 Earnings
Portfolio Pulse from Benzinga Insights
American Software (NASDAQ:AMSWA) reported Q2 earnings with an EPS of $0.08, missing the estimate by 11.11%. Revenue declined by $5.75 million year-over-year. Despite beating EPS estimates last quarter, which led to a share price increase, this quarter's miss may concern investors.
November 16, 2023 | 9:15 pm
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American Software reported lower than expected Q2 earnings and a decline in revenue compared to last year, which could lead to negative investor sentiment and a potential drop in stock price.
Historically, stocks tend to react negatively to earnings misses, especially when accompanied by a year-over-year revenue decline. Given that AMSWA's stock price increased after last quarter's earnings beat, the miss this quarter sets a contrasting precedent that could disappoint investors, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100