Aspen Aerogels Inc reports results for the quarter ended in June - Earnings Summary

Aspen Aerogels

07/08/2024 22:01

* Aspen Aerogels Inc  ASPN.N  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -22 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 1 cents to 10 cents per share.
    * Revenue rose 144.5% to $117.77 million from a year ago;
analysts
expected $101.39 million. 
    * Aspen Aerogels Inc shares had fallen by 17.3% this
quarter and
gained 25.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Aspen Aerogels
Inc is $35.00 
This summary was machine generated from LSEG data August 7 at
09:01 p.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      0.05           0.21           Beat
 Mar. 31 2024      -0.11          -0.02          Beat
 Dec. 31 2023      -0.12          -0.01          Beat
 Sep. 30 2023      -0.27          -0.19          Beat