Aspen Technology Sees FY24 Adj. EPS $6.59 Vs $6.59 Est.; Revenue $1.12B Vs $1.131B Est.
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology announced its FY24 adjusted EPS forecast at $6.59, aligning with estimates, but projected revenue of $1.12B falls short of the $1.131B estimate.
February 06, 2024 | 10:02 pm
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NEUTRAL IMPACT
Aspen Technology's FY24 revenue forecast falls slightly short of expectations, while EPS aligns with estimates.
The alignment of Aspen Technology's EPS with estimates suggests stability, but the slight miss in revenue forecast could raise concerns about growth potential. However, the close proximity of the forecasted revenue to the estimates indicates that the impact may be neutral in the short term, as investors may weigh the EPS alignment more heavily.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90