Why Is Amdocs (DOX) Up 4.6% Since Last Earnings Report?
Nasdaq A month has gone by since the last earnings report for Amdocs (DOX). Shares have added about 4.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Amdocs due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Amdocs Q2 Earnings Beat Estimates, Revenues Match
Amdocs reported better-than-expected results for the second quarter of fiscal 2023.
The company reported second-quarter non-GAAP earnings of $1.47 per share, which surpassed the Zacks Consensus Estimate of $1.46 and came within managements guidance range of $1.44-$1.50. However, quarterly non-GAAP earnings dropped 4.5% from the year-ago quarters earnings of $1.54 per share.
Amdocs reported record revenues of $1.22 billion, which matched the consensus mark and were more than the midpoint of managements guidance range of $1.200-$1.240 billion. Compared with the year-ago quarter, revenues were up 6.8% on a reported basis and 8.2% on a constant-currency basis.