Aspen Technology (NASDAQ:AZPN - Get Free Report) will announce its earnings results 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.Parties interested in participating in the company's conference call can do so using this link.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The company had revenue of $257.16 million for the quarter, compared to analysts' expectations of $259.70 million. 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 Price Performance
NASDAQ:AZPN traded down $3.23 during trading hours on Tuesday, hitting $196.87. 226,871 shares of the stock were exchanged, compared to its average volume of 195,125. The firm's fifty day moving average price is $200.56 and its 200 day moving average price is $196.27. Aspen Technology has a 52-week low of $161.32 and a 52-week high of $224.77.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on AZPN. StockNews.com upgraded 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 issued a $196.00 price target on shares of Aspen Technology in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aspen Technology presently has a consensus rating of "Hold" and a consensus target price of $203.67.
View Our Latest Stock Analysis on AZPN
Aspen Technology Company Profile
(
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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.
Further Reading
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