Aspen Technology: Q4 Earnings Insights

Aspen Technology AZPN reported its Q4 earnings results on Monday, August 8, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Aspen Technology beat estimated earnings by 13.02%, reporting an EPS of $2.43 versus an estimate of $2.15.

Revenue was up $40.96 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 8.55% increase in the share price the next day.

Here's a look at Aspen Technology's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	1.37	1.29	0.65	1.47
EPS Actual	1.38	1.20	0.77	1.53
Revenue Estimate	192.25M	183.62M	124.07M	208.14M
Revenue Actual	187.75M	171.36M	136.02M	197.96M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Aspen Technology management provided guidance for FY 2023, expecting earnings between $6.4 and $6.89 per share.

To track all earnings releases for Aspen Technology visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.