Aspen Technology (NAS: AZPN) reported earnings on Aug. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Aspen Technology beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Gross margins expanded, operating margins improved, net margins dropped.
Aspen Technology booked revenue of $64.0 million. The seven analysts polled by S&P Capital IQ expected to see sales of $62.4 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $52.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS were -$0.06 for Q4 against $0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 79.5%, 830 basis points better than the prior-year quarter. Operating margin was -5.9%, 2,910 basis points better than the prior-year quarter. Net margin was -8.4%, 8,760 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $64.3 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $289.4 million. The average EPS estimate is $0.20.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 65 members out of 93 rating the stock outperform, and 28 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Aspen Technology a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aspen Technology is buy, with an average price target of $25.00.
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The article Aspen Technology Goes Negative originally appeared on Fool.com.
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