Sylogist Ltd (TSX:SYZ) Q3 2024 Earnings Report Preview: What To Look For

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7 days ago

Sylogist Ltd (TSX:SYZ, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $17.47 million, and the earnings are expected to come in at $0.04 per share. The full year 2024's revenue is expected to be $68.34 million and the earnings are expected to be $0.11 per share. More detailed estimate data can be found on the Forecast page.

Sylogist Ltd (TSX:SYZ, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Sylogist Ltd (TSX:SYZ) for the full year 2024 have decreased from $71.75 million to $68.34 million, and for 2025, from $80.83 million to $76.44 million. Similarly, earnings estimates have been revised downward from $0.16 per share to $0.11 per share for 2024, and from $0.32 per share to $0.29 per share for 2025.

Sylogist Ltd (TSX:SYZ, Financial) Reported History

In the previous quarter of 2024-06-30, Sylogist Ltd's (TSX:SYZ) actual revenue was $17.4 million, which missed analysts' revenue expectations of $17.421 million by -0.13%. Sylogist Ltd's (TSX:SYZ) actual earnings were -$0.01 per share, which missed analysts' earnings expectations of $0.038 per share by -136.84%. After releasing the results, Sylogist Ltd (TSX:SYZ) was up by 9.3% in one day.

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Sylogist Ltd (TSX:SYZ, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 6 analysts, the average target price for Sylogist Ltd (TSX:SYZ) is $13.46 with a high estimate of $14 and a low estimate of $12.50. The average target implies an upside of 18.78% from the current price of $11.33.

Based on GuruFocus estimates, the estimated GF Value for Sylogist Ltd (TSX:SYZ, Financial) in one year is $11.29, suggesting a downside of -0.35% from the current price of $11.33.

Based on the consensus recommendation from 6 brokerage firms, Sylogist Ltd's (TSX:SYZ, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.