Ansys (NASDAQ:ANSS) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Ansys beat estimated earnings by 14.91%, reporting an EPS of $1.85 versus an estimate of $1.61.
Revenue was up $80.85 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.29 which was followed by a 10.48% increase in the share price the next day.
Here’s a look at Ansys’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.80 | 1.63 | 1.60 | 1.14 |
| EPS Actual | 3.09 | 1.77 | 1.77 | 1.36 |
| Revenue Estimate | 647.41M | 467.09M | 467.12M | 407.56M |
| Revenue Actual | 694.69M | 473.67M | 475.89M | 428.60M |
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).
Guidance
Ansys management provided guidance for FY 2023, expecting earnings between $8.39 and $8.91 per share.
To track all earnings releases for Ansys visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
