Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Ansys was mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Ansys has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Īnsys shares have added about 5.6% since the beginning of the year versus the S&P 500's gain of 23.3%. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $369.13 million. Ansys, which belongs to the Zacks Computer - Software industry, posted revenues of $445.42 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 7.34%.
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