For its third fiscal quarter (ending March 31), Aspen Technology Inc (NASDAQ: AZPN) has reported E.P.S. of $0.02 compared to $-0.89 a year ago. This performance was $-1.45 short of the consensus estimate of $1.47. E.P.S. were $-0.43 for the latest four quarters through March 31 versus $-0.95 for the same period a year ago.
Recent Price Action
On 5/7/24, Aspen Technology Inc (NASDAQ: AZPN) stock declined by -4.4%, closing at $188.77. Moreover, exceptionally high trading volume at 410% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AZPN is expected to continue to be Value Creation neutral.
Aspen Technology has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Aspen Technology has a neutral Appreciation Score of 40 and a neutral Power Rating of 51, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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