Earnings Scorecard & Analyst Reports Absolute Software (NASDAQ:ABST)

Earnings results for Absolute Software (NASDAQ:ABST)

Absolute Software Corporation is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.06. The reported EPS for the same quarter last year was $0.08.

Absolute Software last announced its quarterly earnings results on August 10th, 2020. The reported $0.05 EPS for the quarter. The firm earned $27.16 million during the quarter. Absolute Software has generated $0.24 earnings per share over the last year and currently has a price-to-earnings ratio of 49.1. Absolute Software has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020.

Analyst Opinion on Absolute Software (NASDAQ:ABST)

Dividend Strength: Absolute Software (NASDAQ:ABST)

Absolute Software pays a meaningful dividend of 2.02%, higher than the bottom 25% of all stocks that pay dividends. Absolute Software does not have a long track record of dividend growth. The dividend payout ratio of Absolute Software is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Absolute Software will have a dividend payout ratio of 82.76% in the coming year. This indicates that Absolute Software may not be able to sustain their current dividend.

Insiders buying/selling: Absolute Software (NASDAQ:ABST)

In the past three months, Absolute Software insiders have not sold or bought any company stock. Only 1.22% of the stock of Absolute Software is held by institutions.

Earnings and Valuation of Absolute Software (NASDAQ:ABST

Earnings for Absolute Software are expected to grow by 26.09% in the coming year, from $0.23 to $0.29 per share. The P/E ratio of Absolute Software is 49.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.82. The P/E ratio of Absolute Software is 49.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 68.18.

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