Great Lakes Review, a division of Wellington Shields Co. LLC - ANSYS Inc. (ANSS) 2Q18 Beats by 27 Cents; Raising Estimates

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Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review

EUR 18.66 For Business Accounts Only

2Q18 Beats by 27 Cents; Raising Estimates

2Q18 (June) adjusted EPS were $1.35 (vs $0.99 last year) up 35% and 27 cents above our forecast, due to an operating margin 590 bps higher than our projection, primarily from the timing of $12.5 million in revenue recognized under ASC 606, and a lower-than-anticipated tax rate of 21% (vs 23%).

Our 2018 EPS estimate is now $4.96 (from $4.87 and raised guidance of $4.87-to-$5.14), as strong organic growth and a 22% projected tax rate (vs 32% in 2017) help offset initial dilution from the acquisition of OPTIS and growth-related investments.

Our 2019 EPS estimate is now $5.47 (from $5.39), up 10% from our 2018 estimate.

08/08/2018 11 EN

Underlying

ANSYS Inc.

ANSYS develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports. The company focuses on the development of solutions that enable users to analyze designs directly on the desktop, providing a platform for product development, from design concept to final-stage testing and validation. The company's product portfolio include ANSYS Workbench?, a framework upon which the company's suite of engineering simulation technologies is built.

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US03662Q1058 NASDAQ Stock Market United States

Provider

Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review is located in Cleveland, Ohio, was founded in 1981 and became a division of Wellington Shields & Co. LLC in 2011. Great Lakes Review is a research boutique focused on the fundamentally-oriented investor seeking companies that dominate their respective specialty niche regardless of industry. The objective is to make money for the long-term by gradually accumulating a diversified portfolio from a universe of no more than 30 companies. Although short-term-oriented accounts will be alerted to trading opportunities, aggressive sell recommendations are triggered only by a deterioration in long-term fundamentals, not by short-term blips or investor fancy. Coverage of those names that lose their earnings momentum or earnings predictability may be dropped and replaced with more vital candidates.

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Analysts

Great Lakes Review

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2Q18 Beats by 27 Cents; Raising Estimates

Ansys Announces Q1 Financial Results

Ansys Announces Q4 and FY 2023 Financial Results

GECI International SA - Company Profile and SWOT Analysis

AIT: An Overlooked Industrial with Nearly 30% EPS Growth Modeled for FY19

RPM: Elliott Management the Catalyst to Rev Up the "RPMs"

Weekly Update: ATR, JBT, LECO, MIDD, NEOG, THO

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