Ansys Q4 Adj. EPS $3.94 Beats $3.71 Estimate, Sales $805.11M Beat $797.38M Estimate
Portfolio Pulse from Happy Mohamed
Ansys (NASDAQ:ANSS) reported Q4 adjusted EPS of $3.94, surpassing the $3.71 estimate, marking a 27.51% increase from last year. Sales reached $805.11M, exceeding the $797.38M estimate, up 15.89% from the previous year.
February 21, 2024 | 9:32 pm
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Ansys reported a significant beat on both EPS and sales estimates for Q4, with a notable year-over-year growth in earnings and sales.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year growth in earnings and sales further strengthens the case for a positive impact on Ansys's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100