* Aspen Aerogels Inc 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
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