Ansys (ANSS) Tops Q3 Earnings and Revenue Estimates

Core Insights - Ansys reported quarterly earnings of $2.58 per share, exceeding the Zacks Consensus Estimate of $1.88 per share, and showing a significant increase from $1.41 per share a year ago, resulting in an earnings surprise of 37.23% [1] - The company achieved revenues of $601.89 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 13.34% and up from $458.8 million year-over-year [2] Financial Performance - Over the last four quarters, Ansys has surpassed consensus EPS estimates three times [2] - The company has also topped consensus revenue estimates three times in the last four quarters [2] - Ansys shares have declined approximately 10.6% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] Future Outlook - The future performance of Ansys stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $4.19 on revenues of $896.2 million, and for the current fiscal year, it is $9.96 on revenues of $2.49 billion [7] - The Zacks Industry Rank indicates that the Computer - Software sector is in the top 31% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this industry [8]