Aspen Aerogels Inc reports results for the quarter ended in September 30 - Earnings Summary

Aspen Aerogels

07/11/2024 04:50

* Aspen Aerogels Inc  ASPN.N  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -19 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -20 cents
to 15 cents per share.
    * Revenue rose 93.1% to $117.34 million from a year ago;
analysts
expected $109.36 million. 
    * Aspen Aerogels Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $12.97 million.
    * Aspen Aerogels Inc shares had fallen by 33.2% this
quarter and
gained 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 411%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

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 33.00 
This summary was machine generated from LSEG data November 7 at
04:50 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
 Sep. 30 2024      -0.08          0.19           Beat
 Jun. 30 2024      0.05           0.21           Beat
 Mar. 31 2024      -0.11          -0.02          Beat
 Dec. 31 2023      -0.12          -0.01          Beat