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

Aspen Aerogels

02/05/2024 01:20

* Aspen Aerogels Inc  ASPN.N  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -24 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -17 cents to -2 cents per share.
    * Revenue rose 107.3% to $94.50 million from a year ago;
analysts
expected $75.00 million. 
    * Aspen Aerogels Inc's reported EPS for the quarter was a
loss
of 2 cents​.
    * The company reported a quarterly loss of $1.84 million.
    * Aspen Aerogels Inc shares had fallen by 11.0% this
quarter and
lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.8%
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 "buy"
and
the breakdown of recommendations is 10 "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 $20.00 
This summary was machine generated from LSEG data May 2 at 12:19
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
 Mar. 31 2024      -0.11          -0.02          Beat
 Dec. 31 2023      -0.12          -0.01          Beat
 Sep. 30 2023      -0.27          -0.19          Beat
 Jun. 30 2023      -0.36          -0.22          Beat