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Here's What to Expect Ahead of Aspen's (AZPN) Q4 Earnings

Zacks Equity Research
·4-min read

Aspen Technology AZPN is scheduled to report fourth-quarter fiscal 2022 results on Aug 8.

The Zacks Consensus Estimate for earnings is pegged at $2.15 per share, indicating an increase of 40.5% on a year-over-year basis. The consensus mark for revenues stands at $297.4 million, suggesting an increase of 50.2% from the prior-year quarter’s levels.

The company surpassed the Zacks Consensus Estimate in three of the last four quarters and missed the same in the remaining quarter. It has a trailing four-quarter earnings surprise of 4.1%, on average. In the past year, shares of the company are 43.2% compared with the industry’s decline of 59.9%.

Aspen Technology, Inc. Price and EPS Surprise

 

Aspen Technology, Inc. Price and EPS Surprise
Aspen Technology, Inc. Price and EPS Surprise

Aspen Technology, Inc. price-eps-surprise | Aspen Technology, Inc. Quote

 

Factors to Note

Higher demand for Aspen Technology’s asset optimization software solutions amid an improving spending environment across several end markets is likely to have positively impacted the top line performance in the to-be-reported quarter. A strong pipeline of bookings are likely to have acted as a tailwind.

The company’s aspenONE Asset Performance Management (APM) suite of solutions comprise Aspen Mtell, Aspen Fidelis Reliability, Aspen ProMV, Aspen Column Analytics, and Aspen Root Cause Analytics.

Particularly in the E&C vertical, increasing sustainability capex investments toward implementing projects in low-carbon energy space like hydrogen, carbon capture and sequestration, solar, biofuels, wind, among others, bode well.

However, protracted supply chain troubles along with uncertainty prevailing over global macroeconomic conditions and inflationary pressure may have weighed on the to-be-reported quarter’s performance.

In May 2022, the company concluded the impending merger with Emerson Electric Co. The merger involves the integration of Emerson's OSI Inc. and GSS businesses with Aspen. OSI specializes in optimizing transmission and distribution networks for utility companies in the power industry. The integration of Emerson’s OSI business will aid Aspen to develop its transmission and distribution offering to support power grid modernization and ensure grid reliability. Emerson’s GSS business, which will be known as Subsurface Science and Engineering (“SSE”), provides a comprehensive solution for oil and gas supply-chain links.

What Our Model Says

Our proven model does not predict an 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 -1.40% and a Zacks Rank #3. 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 earnings this season.

Blink Charging BLNK has an Earnings ESP of +4.23% and a Zacks Rank #2 currently. Blink Charging is scheduled to report earnings results on Aug 8. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Blink Charging’s to-be-reported quarter’s loss per share and revenues is pegged at 36 cents per share and $8.79 million, respectively. Shares of BLNK have soared 37.7% in the past year.

Dolby Laboratories DLB has an Earnings ESP of +5.00% and a Zacks Rank of 3. Dolby is set to announce quarterly figures on Aug 9.

The Zacks Consensus Estimate for Dolby’s to-be-reported quarter’s earnings and revenues is pegged at 60 cents per share and $295.2 million, respectively. Dolby surpassed earnings estimates in the preceding three out of four quarters, with the average surprise being 14.7%. Shares of DLB have lost 20% in the past year.

Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank #2 currently. KEYS is slated to release quarterly numbers on Aug 17.

The Zacks Consensus Estimate for KEYS to-be-reported quarter’s earnings and revenues is pegged at $1.79 per share and $1.34 billion, respectively. Keysight surpassed earnings estimates all the preceding four quarters, with the average surprise being 8%. Shares of KEYS have lost 0.5% in the past year.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


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Dolby Laboratories (DLB) : Free Stock Analysis Report
 
Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report
 
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
 
Blink Charging Co. (BLNK) : Free Stock Analysis Report
 
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