What's Next: Aspen Aerogels's Earnings Preview

Aspen Aerogels (NYSE:ASPN) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Aspen Aerogels will report an earnings per share (EPS) of $-0.08.

Anticipation surrounds Aspen Aerogels's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.17, leading to a 16.0% increase in the share price the following trading session.

Here's a look at Aspen Aerogels's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.04

-0.11

-0.12

-0.30

EPS Actual

0.21

-0.02

-0.01

-0.19

Price Change %

16.0%

56.99999999999999%

16.0%

11.0%

Performance of Aspen Aerogels Shares

Shares of Aspen Aerogels were trading at $18.25 as of November 04. Over the last 52-week period, shares are up 89.9%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on Aspen Aerogels

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Aspen Aerogels.

The consensus rating for Aspen Aerogels is Buy, based on 6 analyst ratings. With an average one-year price target of $30.67, there's a potential 68.05% upside.

Comparing Ratings Among Industry Peers

The below comparison of the analyst ...