We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Aspen (AZPN) to Report Q1 Earnings: What to Expect
Read MoreHide Full Article
Aspen Technology (AZPN - Free Report) is scheduled to report first-quarter fiscal 2023 results on Oct 26.
The Zacks Consensus Estimate for earnings is pegged at $1.23 per share, indicating an increase of 59.7% on a year-over-year basis. The consensus mark for revenues stands at $228 million, suggesting an increase of 67.6% from the prior-year quarter’s levels.
The company surpassed the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of 6.2%, on average. In the past year, shares of the company have increased 56.9% against the industry’s decline of 64.2%.
Image Source: Zacks Investment Research
Factors to Note
Higher demand for Aspen Technology’s asset optimization and management software solutions and Asset Performance Management suite is likely to have positively impacted the top-line performance in the to-be-reported quarter. Also, a strong pipeline of bookings is likely to have acted as a tailwind.
Recently, Aspen Technology announced that India-based ACME Group had selected AspenTech’s Performance Engineering solution to design the hydrolysis process and optimize assets at the green hydrogen and green ammonia plant in Rajasthan.
The company is expected to benefit from the rapid adoption of cloud-based solutions, integration with big data analytics, increased proliferation of the Internet of Things (IoT), and increased investment in software.
In the quarter under review, Aspen Technology’s AspenTech’s Artificial IoT solutions, including Aspen InfoPlus.21 and aspenONE Process Explorer, were leveraged by another India-based company Birla Carbon to scale enterprise visibility across nine manufacturing sites globally.
In the last-reported quarter, the company completed the merger involving the integration of Emerson's OSI Inc. and GSS businesses with Aspen. Aspen plans to leverage OSI’s digital grid management product portfolio to develop its transmission and distribution offering to support power grid modernization and ensure grid reliability. These are likley to have a positive impact on the top line for the third quarter.
Also, the Subsurface Science and Engineering business segment is likely to have helped the company to tap growing markets, such as carbon capture and sequestration and geothermal energy. Increasing sustainability capex investments toward implementing projects in low-carbon energy space like hydrogen, carbon capture and sequestration, solar, biofuels and wind, among others, bode well.
However, protracted supply chain troubles, uncertainty prevailing over global macroeconomic conditions and inflationary pressure might have weighed on the to-be-reported quarter’s performance.
Our proven model does not conclusively predict earnings beat for Aspen Technology this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Aspen Technology has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks you may consider, as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle.
The Zacks Consensus Estimate for Cathay General’s to-be-reported quarter’s earnings and revenues is pegged at $1.30 per share and $201.7 million, respectively. Cathay General surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 3.9%. Shares of CATY gained 1.6% in the past year.
NETGEAR (NTGR - Free Report) has an Earnings ESP of +8.00% and currently has a Zacks Rank #3. Netgear is scheduled to report earnings on Oct 26.
The Zacks Consensus Estimate for Netgear’s to-be-reported quarter’s earnings and revenues is pegged at 8 cents per share and $242.8 million, respectively. Netgear surpassed earnings estimates in three of the preceding four quarters, delivering an average negative surprise of 65.3%. Shares of NTGR gained 38% in the past year.
Equinor (EQNR - Free Report) has an Earnings ESP of +25.07% and currently has a Zacks Rank #1. Equinor is scheduled to report earnings on Oct 28.
The Zacks Consensus Estimate for Equinor’s to-be-reported quarter’s earnings and revenues is pegged at $1.78 per share and $57.7 billion, respectively. Equinor surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 7.3%. Shares of EQNR gained 23.8% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Aspen (AZPN) to Report Q1 Earnings: What to Expect
Aspen Technology (AZPN - Free Report) is scheduled to report first-quarter fiscal 2023 results on Oct 26.
The Zacks Consensus Estimate for earnings is pegged at $1.23 per share, indicating an increase of 59.7% on a year-over-year basis. The consensus mark for revenues stands at $228 million, suggesting an increase of 67.6% from the prior-year quarter’s levels.
The company surpassed the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of 6.2%, on average. In the past year, shares of the company have increased 56.9% against the industry’s decline of 64.2%.
Image Source: Zacks Investment Research
Factors to Note
Higher demand for Aspen Technology’s asset optimization and management software solutions and Asset Performance Management suite is likely to have positively impacted the top-line performance in the to-be-reported quarter. Also, a strong pipeline of bookings is likely to have acted as a tailwind.
Recently, Aspen Technology announced that India-based ACME Group had selected AspenTech’s Performance Engineering solution to design the hydrolysis process and optimize assets at the green hydrogen and green ammonia plant in Rajasthan.
The company is expected to benefit from the rapid adoption of cloud-based solutions, integration with big data analytics, increased proliferation of the Internet of Things (IoT), and increased investment in software.
In the quarter under review, Aspen Technology’s AspenTech’s Artificial IoT solutions, including Aspen InfoPlus.21 and aspenONE Process Explorer, were leveraged by another India-based company Birla Carbon to scale enterprise visibility across nine manufacturing sites globally.
In the last-reported quarter, the company completed the merger involving the integration of Emerson's OSI Inc. and GSS businesses with Aspen. Aspen plans to leverage OSI’s digital grid management product portfolio to develop its transmission and distribution offering to support power grid modernization and ensure grid reliability. These are likley to have a positive impact on the top line for the third quarter.
Also, the Subsurface Science and Engineering business segment is likely to have helped the company to tap growing markets, such as carbon capture and sequestration and geothermal energy. Increasing sustainability capex investments toward implementing projects in low-carbon energy space like hydrogen, carbon capture and sequestration, solar, biofuels and wind, among others, bode well.
However, protracted supply chain troubles, uncertainty prevailing over global macroeconomic conditions and inflationary pressure might have weighed on the to-be-reported quarter’s performance.
Aspen Technology, Inc. Price and EPS Surprise
Aspen Technology, Inc. price-eps-surprise | Aspen Technology, Inc. Quote
What Our Model Says
Our proven model does not conclusively predict earnings beat for Aspen Technology this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Aspen Technology has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks you may consider, as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle.
Cathay General Bancorp (CATY - Free Report) has an Earnings ESP of +6.56% and currently has a Zacks Rank #3. Cathay General is scheduled to report earnings on Oct 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Cathay General’s to-be-reported quarter’s earnings and revenues is pegged at $1.30 per share and $201.7 million, respectively. Cathay General surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 3.9%. Shares of CATY gained 1.6% in the past year.
NETGEAR (NTGR - Free Report) has an Earnings ESP of +8.00% and currently has a Zacks Rank #3. Netgear is scheduled to report earnings on Oct 26.
The Zacks Consensus Estimate for Netgear’s to-be-reported quarter’s earnings and revenues is pegged at 8 cents per share and $242.8 million, respectively. Netgear surpassed earnings estimates in three of the preceding four quarters, delivering an average negative surprise of 65.3%. Shares of NTGR gained 38% in the past year.
Equinor (EQNR - Free Report) has an Earnings ESP of +25.07% and currently has a Zacks Rank #1. Equinor is scheduled to report earnings on Oct 28.
The Zacks Consensus Estimate for Equinor’s to-be-reported quarter’s earnings and revenues is pegged at $1.78 per share and $57.7 billion, respectively. Equinor surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 7.3%. Shares of EQNR gained 23.8% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.