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Insights Into Aspen Technology (AZPN) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts expect Aspen Technology (AZPN - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 24.5%. Revenues are expected to be $251.65 million, up 9.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Aspen Technology metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Maintenance' will reach $86.99 million. The estimate points to a change of +12.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- License and solutions' reaching $148.80 million. The estimate points to a change of +9.2% from the year-ago quarter.
The consensus estimate for 'Revenue- Services and other' stands at $15.85 million. The estimate indicates a year-over-year change of -2.8%.
The average prediction of analysts places 'Revenue- Maintenance' at $86.99 million. The estimate indicates a change of +12.6% from the prior-year quarter.
Analysts predict that the 'Revenue- License and solutions' will reach $148.80 million. The estimate indicates a change of +9.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Services and other' should come in at $15.85 million. The estimate suggests a change of -2.8% year over year.
Over the past month, shares of Aspen Technology have returned -10.3% versus the Zacks S&P 500 composite's -4.2% change. Currently, AZPN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Insights Into Aspen Technology (AZPN) Q3: Wall Street Projections for Key Metrics
Wall Street analysts expect Aspen Technology (AZPN - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 24.5%. Revenues are expected to be $251.65 million, up 9.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Aspen Technology metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Maintenance' will reach $86.99 million. The estimate points to a change of +12.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- License and solutions' reaching $148.80 million. The estimate points to a change of +9.2% from the year-ago quarter.
The consensus estimate for 'Revenue- Services and other' stands at $15.85 million. The estimate indicates a year-over-year change of -2.8%.
The average prediction of analysts places 'Revenue- Maintenance' at $86.99 million. The estimate indicates a change of +12.6% from the prior-year quarter.
Analysts predict that the 'Revenue- License and solutions' will reach $148.80 million. The estimate indicates a change of +9.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Services and other' should come in at $15.85 million. The estimate suggests a change of -2.8% year over year.
View all Key Company Metrics for Aspen Technology here>>>
Over the past month, shares of Aspen Technology have returned -10.3% versus the Zacks S&P 500 composite's -4.2% change. Currently, AZPN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>