Earnings Preview: Ansys
Portfolio Pulse from Benzinga Insights
Ansys (NASDAQ:ANSS) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $3.71. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 2.12% share price drop. Shares are currently trading at $329.85, up 23.77% over the last year. Investors are advised to watch for the company's guidance for future growth, which could significantly impact the stock price.

February 20, 2024 | 6:02 pm
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Ansys is expected to report an EPS of $3.71 for the upcoming quarter. Historical performance shows mixed reactions to earnings announcements, with the last quarter's beat followed by a 2.12% drop in share price. Shares have risen 23.77% over the past year.
Ansys's upcoming earnings report is crucial, with a focus on whether it can beat the EPS estimate of $3.71 and provide positive future guidance. Historical data indicates that the company's stock price can react negatively even after beating EPS estimates, suggesting that guidance provided during the earnings call may have a more significant impact on short-term stock movement. Given the stock's positive performance over the last year, investor expectations may be high, adding pressure for a strong report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100