Ansys Inc Reports Results For The Quarter Ended In June: Earnings Summary

ANSYS

01/08/2024 01:11

* ANSYS Inc  ANSS.OQ  reported quarterly adjusted earnings
of
$2.50​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.60. 
The mean expectation of fourteen analysts for the quarter was
for earnings of $1.92 per share. Wall Street expected results to
range from $1.78  to $2.03 per share.
    * Revenue rose 19.6% to $594.14 million from a year ago;
analysts
expected $549.30 million. 
    * ANSYS Inc's reported EPS for the quarter was $1.48​.
    * The company reported quarterly net income of $130.03
million.
    * ANSYS Inc shares had fallen by 5.3% this quarter and
lost 16.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for ANSYS Inc is
$347.50 
This summary was machine generated from LSEG data August 1 at
12:11 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.92           2.50           Beat
 Mar. 31 2024      1.91           1.39           Missed
 Dec. 31 2023      3.71           3.94           Beat
 Sep. 30 2023      1.26           1.41           Beat