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A2Z Cust2Mate Solutions (AZ) Projected to Post Quarterly Earnings on Friday

A2Z Cust2Mate Solutions logo with Computer and Technology background
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Key Points

  • Earnings report: A2Z will report quarterly results before the market on May 15, with analysts projecting EPS of ($0.08) and revenue of $4.11M; the company missed last quarter (EPS ($0.42) vs. consensus ($0.10) and revenue $3.65M vs. $4.63M).
  • Share repurchase: The board approved a $20.0M stock buyback to repurchase up to 7.2% of outstanding shares, signaling management believes the stock may be undervalued.
  • Market and coverage: Institutional investors have recently increased stakes, while analyst coverage is mixed with an average "Hold" rating and a $15 consensus target; shares traded around $6.93 (market cap ≈ $309M) with a 1‑year range of $5.00–$12.36.
  • Five stocks we like better than A2Z Cust2Mate Solutions.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) is projected to issue its results before the market opens on Friday, May 15th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $4.1110 million for the quarter.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.32). A2Z Cust2Mate Solutions had a negative return on equity of 71.13% and a negative net margin of 466.81%.The company had revenue of $3.65 million during the quarter, compared to analyst estimates of $4.63 million. On average, analysts expect A2Z Cust2Mate Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A2Z Cust2Mate Solutions Trading Down 4.9%

Shares of NASDAQ AZ opened at $6.93 on Friday. The firm has a market capitalization of $308.66 million, a P/E ratio of -6.73 and a beta of 1.16. The firm's 50-day moving average price is $6.75 and its 200-day moving average price is $6.57. A2Z Cust2Mate Solutions has a 1-year low of $5.00 and a 1-year high of $12.36.

A2Z Cust2Mate Solutions announced that its Board of Directors has approved a stock buyback plan on Friday, March 27th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. lifted its stake in shares of A2Z Cust2Mate Solutions by 12.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,250,987 shares of the company's stock valued at $14,654,000 after buying an additional 250,000 shares in the last quarter. Shay Capital LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 133.6% in the third quarter. Shay Capital LLC now owns 1,600,000 shares of the company's stock valued at $12,784,000 after buying an additional 915,000 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 331.3% in the fourth quarter. Private Advisor Group LLC now owns 862,765 shares of the company's stock valued at $5,617,000 after buying an additional 662,718 shares in the last quarter. Cable Car Capital LP lifted its stake in shares of A2Z Cust2Mate Solutions by 60.0% in the third quarter. Cable Car Capital LP now owns 500,000 shares of the company's stock valued at $3,995,000 after buying an additional 187,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 22.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 352,582 shares of the company's stock valued at $2,295,000 after buying an additional 63,600 shares in the last quarter. 12.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research upgraded A2Z Cust2Mate Solutions to a "hold" rating in a research note on Monday, March 30th. Wall Street Zen upgraded A2Z Cust2Mate Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, April 18th. Weiss Ratings restated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, April 20th. Finally, Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, A2Z Cust2Mate Solutions has an average rating of "Hold" and a consensus target price of $15.00.

Get Our Latest Analysis on AZ

About A2Z Cust2Mate Solutions

(Get Free Report)

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.

See Also

Earnings History for A2Z Cust2Mate Solutions (NASDAQ:AZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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