Roper Technologies Surpasses Q2 Earnings Estimates
Roper Technologies (NASDAQ: ROP) came out with quarterly earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $4.12 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.45%. A quarter ago, it was expected that this industrial equipment maker would post earnings of $4.34 per share when it actually produced earnings of $4.41, delivering a surprise of 1.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Roper Technologies, which belongs to the Zacks Computers – IT Services industry, posted revenues of $1.72 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.45%. This compares to year-ago revenues of $1.53 billion. The company has topped consensus revenue estimates three times over the last four quarters.
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.
Roper Technologies shares have …
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