Aspen Technology (AZPN) Set to Announce Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.63 per share for the quarter. Aspen Technology has set its FY24 guidance at at least $6.59 EPS and its FY 2024 guidance at 6.590- EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The business had revenue of $257.16 million during the quarter, compared to analyst estimates of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. On average, analysts expect Aspen Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Aspen Technology Trading Up 0.4 %

Shares of Aspen Technology stock opened at $202.10 on Monday. Aspen Technology has a 1 year low of $161.32 and a 1 year high of $224.77. The stock has a 50-day moving average price of $202.15 and a 200 day moving average price of $196.33. The company has a market cap of $12.84 billion, a P/E ratio of -149.70, a P/E/G ratio of 2.05 and a beta of 0.76.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler restated a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Aspen Technology has an average rating of “Hold” and an average price target of $203.67.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.