Edgewater Technology, Inc. (NYSE:ALYA) Expected to Earn FY2020 Earnings of ($0.02) Per Share

Edgewater Technology, Inc. (NYSE:ALYA) – Analysts at Desjardins decreased their FY2020 earnings estimates for Edgewater Technology in a research note issued on Wednesday, June 12th. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of ($0.02) for the year, down from their prior forecast of $0.05.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Edgewater Technology from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Eight Capital reaffirmed a “buy” rating on shares of Edgewater Technology in a report on Thursday, March 7th.

NYSE:ALYA opened at $2.70 on Friday. Edgewater Technology has a 12-month low of $2.25 and a 12-month high of $6.00.

A hedge fund recently bought a new stake in Edgewater Technology stock. Geode Capital Management LLC bought a new stake in Edgewater Technology, Inc. (NYSE:ALYA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 44,693 shares of the company’s stock, valued at approximately $105,000. Geode Capital Management LLC owned about 0.14% of Edgewater Technology as of its most recent filing with the Securities and Exchange Commission.

Edgewater Technology Company Profile

Alithya Group Inc provides information technology and management consulting services. The company's services include strategic direction, such as strategic planning, strategic information technology planning, strategic alignment, organizational management, and program evaluation; and architecture that includes enterprise, business, information, applications, technology, security, and solutions architecture services.

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Earnings History and Estimates for Edgewater Technology (NYSE:ALYA)

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