Aspen Technology (AZPN) Projected to Post Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $294.60 million for the quarter. Aspen Technology has set its FY25 guidance at $7.52 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm had revenue of $215.90 million for the quarter, compared to analysts' expectations of $265.04 million. During the same period in the prior year, the firm earned $0.96 EPS. Aspen Technology's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, analysts expect Aspen Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aspen Technology Stock Performance

Shares of AZPN traded up $0.50 during midday trading on Tuesday, hitting $264.00. 1,034,011 shares of the company traded hands, compared to its average volume of 611,889. Aspen Technology has a 52 week low of $171.25 and a 52 week high of $264.43. The firm has a 50 day moving average of $251.28 and a 200-day moving average of $233.27. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -455.17, a PEG ratio of 2.94 and a beta of 0.76.

Analyst Upgrades and Downgrades

AZPN has been the subject of several recent research reports. Berenberg Bank lowered Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird reiterated a "neutral" rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a report on Monday. StockNews.com initiated coverage on Aspen Technology in a research report on Saturday. They set a "hold" rating for the company. Finally, Piper Sandler raised their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $261.00.

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.