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ANSYS (ANSS) Solutions Leveraged by Turntide to Lower Costs
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ANSYS Inc (ANSS - Free Report) has announced that Turntide Technologies is leveraging the company’s solutions to create electric vehicle powertrain components for commercial and industrial vehicles, including construction equipment and agricultural machinery.
Turntide is using a range of Ansys tools to design and test components for construction equipment, simulating the impact of weather, vibration, impact and corrosive exposure to salt, sand and chemicals. These vehicles often face greater sustainability challenges than passenger vehicles due to their heavy loads, work cycles and vibration.
Per Turntide estimates, testing a product prototype for electromagnetic compatibility at an accredited test facility costs over $34,000 over a two-week period.
Turntide claims that using simulation rather than prototype-based trial and error helps it to save around 25% of development costs.
Simulations for inverters (key components for electric vehicles) are conducted to ensure they can withstand shock and vibration in rugged environments, while thermal systems are simulated to evaluate coolant pressure drops and effectiveness in extreme climates.
ANSS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.
The company announced that it has plans to reduce its carbon footprint by 15% by minimizing materials waste and physical prototyping. The company plans to reach its target by 2027.
In October 2022, Ansys announced its simulation solutions are being leveraged by Murata Manufacturing for the development of sustainable wireless connectivity products. Murata plans to develop high-frequency devices that require low power consumption.
Prior to that, the company announced that its simulation solutions are being leveraged by ZeroAvia for the development of its sustainable hydrogen-electric powertrain, which is aimed at reducing aviation emissions to tackle climate change.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 32.9% in the past year compared with the sub-industry’s decline of 27.8%.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 0.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 12.7% in the past year.
The Zacks Consensus Estimate for Jabil’s 2023 earnings is pegged at $8.31 per share, rising 1.6% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.
Jabil’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 8.8%. Shares of JBL have increased 3.3% in the past year.
The Zacks Consensus Estimate for Asure Software’s 2022 earnings is pegged at 7 cents per share, rising 75% in the past 60 days. The long-term earnings growth rate is anticipated to be 23%.
Asure Software’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 83.3%. Shares of ASUR have soared 35.6% in the past year.
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ANSYS (ANSS) Solutions Leveraged by Turntide to Lower Costs
ANSYS Inc (ANSS - Free Report) has announced that Turntide Technologies is leveraging the company’s solutions to create electric vehicle powertrain components for commercial and industrial vehicles, including construction equipment and agricultural machinery.
Turntide is using a range of Ansys tools to design and test components for construction equipment, simulating the impact of weather, vibration, impact and corrosive exposure to salt, sand and chemicals. These vehicles often face greater sustainability challenges than passenger vehicles due to their heavy loads, work cycles and vibration.
Per Turntide estimates, testing a product prototype for electromagnetic compatibility at an accredited test facility costs over $34,000 over a two-week period.
ANSYS, Inc. Price and Consensus
ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote
Turntide claims that using simulation rather than prototype-based trial and error helps it to save around 25% of development costs.
Simulations for inverters (key components for electric vehicles) are conducted to ensure they can withstand shock and vibration in rugged environments, while thermal systems are simulated to evaluate coolant pressure drops and effectiveness in extreme climates.
ANSS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.
The company announced that it has plans to reduce its carbon footprint by 15% by minimizing materials waste and physical prototyping. The company plans to reach its target by 2027.
In October 2022, Ansys announced its simulation solutions are being leveraged by Murata Manufacturing for the development of sustainable wireless connectivity products. Murata plans to develop high-frequency devices that require low power consumption.
Prior to that, the company announced that its simulation solutions are being leveraged by ZeroAvia for the development of its sustainable hydrogen-electric powertrain, which is aimed at reducing aviation emissions to tackle climate change.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 32.9% in the past year compared with the sub-industry’s decline of 27.8%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Arista Networks (ANET - Free Report) , Jabil (JBL - Free Report) and Asure Software (ASUR - Free Report) , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 0.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 12.7% in the past year.
The Zacks Consensus Estimate for Jabil’s 2023 earnings is pegged at $8.31 per share, rising 1.6% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.
Jabil’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 8.8%. Shares of JBL have increased 3.3% in the past year.
The Zacks Consensus Estimate for Asure Software’s 2022 earnings is pegged at 7 cents per share, rising 75% in the past 60 days. The long-term earnings growth rate is anticipated to be 23%.
Asure Software’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 83.3%. Shares of ASUR have soared 35.6% in the past year.