FY2020 EPS Estimates for Edgewater Technology, Inc. Decreased by Cormark (NYSE:ALYA)

Edgewater Technology, Inc. (NYSE:ALYA) – Investment analysts at Cormark reduced their FY2020 EPS estimates for shares of Edgewater Technology in a research report issued to clients and investors on Thursday, June 20th. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of $0.02 for the year, down from their previous estimate of $0.08. Cormark also issued estimates for Edgewater Technology’s FY2021 earnings at $0.13 EPS.

Several other equities analysts have also recently weighed in on ALYA. Zacks Investment Research upgraded Edgewater Technology from a “sell” rating to a “hold” rating in a report on Tuesday, February 26th. Eight Capital restated a “buy” rating on shares of Edgewater Technology in a report on Thursday, March 7th.

Shares of NYSE ALYA opened at $2.99 on Monday. The firm has a 50-day moving average of $2.93. Edgewater Technology has a fifty-two week low of $2.25 and a fifty-two week high of $6.00.

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

About Edgewater Technology

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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