Telecom software provider Amdocs (NASDAQ: DOX) will be reporting earnings this Wednesday after market close. Here’s what to expect.
Amdocs met analysts’ revenue expectations last quarter, reporting revenues of $1.13 billion, down 9.4% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ full-year EPS guidance estimates.
Is Amdocs a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Amdocs’s revenue to decline 9.7% year on year to $1.13 billion, a reversal from the 1.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.71 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amdocs has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Amdocs’s peers in the it services & other tech segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Applied Digital’s revenues decreased 13% year on year, meeting analysts’ expectations, and Grid Dynamics reported revenues up 21.7%, topping estimates by 0.5%. Applied Digital traded up 31.3% following the results while Grid Dynamics was down 16.4%.
Read our full analysis of Applied Digital’s results here and Grid Dynamics’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the it services & other tech stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Amdocs is down 6% during the same time and is heading into earnings with an average analyst price target of $103.37 (compared to the current share price of $86.32).
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