ANSYS Earnings Preview: What to Expect

Canonsburg, Pennsylvania-based ANSYS, Inc. (ANSS) develops and markets engineering simulation software and services for engineers, designers, researchers, and students. With a market cap of $28.1 billion, ANSYS' operations span the Americas, Indo-Pacific, Europe, the Middle East, and Africa. It is expected to announce its Q3 earnings after the market closes on Wednesday, Nov. 6.

Ahead of the event, analysts expect ANSYS to report a profit of $1.15 per share, up 29.2% from $0.89 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS estimates thrice over the past four quarters while missing on another occasion. Its adjusted EPS for the last reported quarter grew by a massive 78.3% year-over-year to $1.89, exceeding the consensus estimates by 33.1%.