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

Aspen Aerogels

01/11/2023 23:13

* Aspen Aerogels Inc  ASPN.N  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -75 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 27 cents per
share. Wall Street expected results to range from -33 cents
to -21 cents per share.
    * Revenue rose 65.5% to $60.76 million from a year ago;
analysts
expected $51.84 million. 
    * Aspen Aerogels Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $13.07 million.
    * Aspen Aerogels Inc shares had fallen by 10.2% this
quarter and
lost 34.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $23.00 
This summary was machine generated from LSEG data November 1 at
11:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.27          -0.19          Beat
 Jun. 30 2023      -0.36          -0.22          Beat
 Mar. 31 2023      -0.40          -0.24          Beat
 Dec. 31 2022      -0.30          -0.20          Beat