Aspen Technology Inc (NASDAQ: AZPN) has reported earnings for its fourth fiscal quarter (ending June 30) of $0.71 versus $0.42 for the same period a year ago — an increase of 69%. Relative to the consensus estimate of $2.07, this was a shortfall of $-1.36. For the latest four quarters through June 30, E.P.S. were $-0.15 compared to $-1.67 a year ago.
Recent Price Action
Aspen Technology Inc (NASDAQ: AZPN) stock closed at $177.84 on 8/6/24 after a large increase of 2.9%. Moreover, trading volume in this advance was unusually high at 186% of normal. The stock has declined -5.9% during the last week and has performed in line with the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Aspen Technology has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 40, and the Low Neutral Value Trend Rating results.
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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