Aspen Technology AZPN reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Aspen Technology missed estimated earnings by 6.98%, reporting an EPS of $1.2 versus an estimate of $1.29, which did not surprise analysts.
Revenue was up $62.36 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12, which was followed by a 3.17% increase in the share price the next day.
Here's a look at Aspen Technology's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Aspen Technology management provided guidance for their next quarter, expecting earnings between $5.23 and $5.39 per share for the next quarter.
This represents a 342.5% in quarter-over-quarter growth for Aspen Technology, a bullish signal to many investors.
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