Aspen Technology Inc reports results for the quarter ended December 31 - Earnings Summary

• Aspen Technology Inc AZPN.OQ reported quarterly adjusted earnings of $2.06​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.37. The mean expectation of seven analysts for the quarter was for earnings of $1.87 per share. Wall Street expected results to range from $1.82 to $1.98 per share.

• Revenue rose 18% to $303.56 million from a year ago; analysts expected $294.83 million.

• Aspen Technology Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $20.34 million.

• Aspen Technology Inc shares had risen by 5.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Aspen Technology Inc is $260.00

This summary was machine generated from LSEG data February 4 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)