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Financial software provider SS&C Technologies (NASDAQ:SSNC) will be announcing earnings results tomorrow after market close. Here’s what to expect.
SS&C beat analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $1.53 billion, up 8.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS andbillings estimates.
Is SS&C a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting SS&C’s revenue to grow 4.6% year on year to $1.50 billion, in line with the 5.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SS&C has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.3% on average.
Looking at SS&C’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Equifax delivered year-on-year revenue growth of 3.8%, beating analysts’ expectations by 1.7%, and Concentrix reported a revenue decline of 1.3%, in line with consensus estimates. Concentrix traded up 42.3% following the results.
Read our full analysis of Equifax’s results here and Concentrix’s results here.
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