FY2021 Earnings Forecast for Alithya Group Inc. Issued By Cormark (NYSE:ALYA)

Alithya Group Inc. (NYSE:ALYA) – Investment analysts at Cormark dropped their FY2021 earnings per share (EPS) estimates for shares of Alithya Group in a report issued on Monday, March 23rd. Cormark analyst G. Fairweather now expects that the company will earn ($0.07) per share for the year, down from their previous forecast of $0.03. Cormark currently has a “Market Perform” rating and a $3.00 target price on the stock.

Alithya Group (NYSE:ALYA) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $50.19 million during the quarter, compared to analysts’ expectations of $55.51 million.

Separately, Zacks Investment Research upgraded Alithya Group from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday, February 19th.

NYSE:ALYA opened at $1.74 on Thursday. The stock’s 50 day moving average price is $2.49 and its 200 day moving average price is $2.67. Alithya Group has a 52 week low of $0.96 and a 52 week high of $3.89.

Large investors have recently added to or reduced their stakes in the stock. CLARET ASSET MANAGEMENT Corp increased its holdings in Alithya Group by 72.2% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 6,111,334 shares of the company’s stock worth $17,030,000 after buying an additional 2,561,353 shares during the last quarter. Ancora Advisors LLC grew its holdings in Alithya Group by 5.2% during the fourth quarter. Ancora Advisors LLC now owns 1,888,340 shares of the company’s stock valued at $5,250,000 after purchasing an additional 93,426 shares during the last quarter. Fiera Capital Corp grew its holdings in Alithya Group by 2.4% during the fourth quarter. Fiera Capital Corp now owns 1,576,615 shares of the company’s stock valued at $4,398,000 after purchasing an additional 36,659 shares during the last quarter. Bank of Montreal Can grew its holdings in Alithya Group by 30.0% during the fourth quarter. Bank of Montreal Can now owns 62,450 shares of the company’s stock valued at $174,000 after purchasing an additional 14,400 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in Alithya Group during the fourth quarter valued at approximately $408,000.

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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