FY2021 EPS Estimates for Alithya Group Inc. (NYSE:ALYA) Reduced by Cormark

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Alithya Group Inc. (NYSE:ALYA) – Research analysts at Cormark reduced their FY2021 EPS estimates for Alithya Group in a research note issued to investors on Thursday, August 15th. Cormark analyst G. Fairweather now expects that the company will post earnings of $0.12 per share for the year, down from their prior estimate of $0.13.

Separately, Zacks Investment Research upgraded Alithya Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 15th.

ALYA opened at $2.98 on Monday. The stock’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $2.95. Alithya Group has a 1 year low of $2.25 and a 1 year high of $6.00.

Alithya Group (NYSE:ALYA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $53.99 million for the quarter, compared to the consensus estimate of $56.25 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALYA. Fiera Capital Corp lifted its holdings in Alithya Group by 97.7% in the 2nd quarter. Fiera Capital Corp now owns 1,439,956 shares of the company’s stock worth $3,904,000 after buying an additional 711,456 shares during the period. Geode Capital Management LLC purchased a new stake in Alithya Group in the 4th quarter worth approximately $105,000. Intact Investment Management Inc. lifted its holdings in Alithya Group by 4.9% in the 2nd quarter. Intact Investment Management Inc. now owns 574,000 shares of the company’s stock worth $2,049,000 after buying an additional 27,000 shares during the period. Bank of Montreal Can lifted its holdings in Alithya Group by 272.2% in the 2nd quarter. Bank of Montreal Can now owns 31,450 shares of the company’s stock worth $82,000 after buying an additional 23,000 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Alithya Group by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 798,176 shares of the company’s stock worth $2,091,000 after buying an additional 16,500 shares during the period.

About Alithya Group

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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