* ANSYS Inc reported quarterly adjusted earnings of $1.39 per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.85. The mean expectation of fourteen analysts for the quarter was for earnings of $1.91 per share. Wall Street expected results to range from $1.74 to $2.05 per share.
* Revenue fell 8.4% to $466.61 million from a year ago; analysts expected $549.38 million.
* ANSYS Inc's reported EPS for the quarter was 40 cents.
* The company reported quarterly net income of $34.78 million.
* ANSYS Inc shares had fallen by 6.4% this quarter and lost 10.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.5% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "hold"
Wall Street's median 12-month price target for ANSYS Inc is $350.00 This summary was machine generated from LSEG data May 1 at 10:26 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
Mar. 31 2024 1.91 1.39 Missed
Dec. 31 2023 3.94
Sep. 30 2023 1.26 1.41 Beat
Jun. 30 2023 1.49 1.60 Beat
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