Aspen Technology Expects FY24 Total Revenue Of At Least $1.12B (Consensus $1.17B) , Adj EPS Of At Least $6.51 (Consensus $6.32)
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology has projected its FY24 total revenue to be at least $1.12B, slightly below the consensus estimate of $1.17B. However, the company expects its adjusted EPS to be at least $6.51, surpassing the consensus estimate of $6.32.
August 04, 2023 | 10:33 am
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Aspen Technology's lower-than-expected revenue forecast could negatively impact its stock price. However, its higher EPS forecast could offset this impact.
Aspen Technology's revenue forecast is below consensus, which could negatively impact investor sentiment and put downward pressure on the stock. However, the company's EPS forecast is above consensus, which could offset this negative impact as it indicates higher profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100