Wall Street analysts forecast that Roper Technologies (ROP) will report quarterly earnings of $5.79 per share in its upcoming release, pointing to a year-over-year increase of 12.7%. It is anticipated that revenues will amount to $2.18 billion, exhibiting an increase of 7.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Roper Technologies metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net revenues- Application Software' stands at $1.24 billion. The estimate indicates a change of +6.9% from the prior-year quarter.
Analysts predict that the 'Net revenues- Technology Enabled Products' will reach $490.20 million. The estimate points to a change of +10.6% from the year-ago quarter.
Analysts' assessment points toward 'Net revenues- Network Software' reaching $444.18 million. The estimate indicates a change of +7.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Profit- Application Software' should arrive at $355.70 million. The estimate compares to the year-ago value of $323.00 million.
The collective assessment of analysts points to an estimated 'Operating Profit- Technology Enabled Products' of $168.00 million. The estimate compares to the year-ago value of $150.20 million.
Analysts forecast 'Operating Profit- Network Software' to reach $192.64 million. Compared to the present estimate, the company reported $178.10 million in the same quarter last year.
View all Key Company Metrics for Roper Technologies here>>>Roper Technologies shares have witnessed a change of +2.7% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #2 (Buy), ROP is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Roper Technologies, Inc. (ROP): Free Stock Analysis Report
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