Aspen Technology (NASDAQ:AZPN – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.290- for the period, compared to the consensus earnings per share estimate of 6.540. The company issued revenue guidance of $1.1 billion-, compared to the consensus revenue estimate of $1.1 billion.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Piper Sandler reduced their price objective on Aspen Technology from $196.00 to $180.00 and set a neutral rating on the stock in a research report on Wednesday. Robert W. Baird reduced their price target on Aspen Technology from $225.00 to $210.00 and set an outperform rating on the stock in a report on Wednesday. Finally, StockNews.com raised shares of Aspen Technology from a sell rating to a hold rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $201.00.
View Our Latest Research Report on Aspen Technology
Aspen Technology Stock Down 2.0 %
Aspen Technology (NASDAQ:AZPN – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. The company had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. As a group, sell-side analysts anticipate that Aspen Technology will post 5.82 EPS for the current year.
About Aspen Technology
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.
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