Advertisement
Australia markets close in 2 hours 7 minutes
  • ALL ORDS

    7,960.90
    -13.90 (-0.17%)
     
  • ASX 200

    7,717.70
    -6.60 (-0.09%)
     
  • AUD/USD

    0.6605
    -0.0012 (-0.19%)
     
  • OIL

    78.21
    -0.24 (-0.31%)
     
  • GOLD

    2,339.40
    -9.70 (-0.41%)
     
  • Bitcoin AUD

    100,269.80
    +182.56 (+0.18%)
     
  • CMC Crypto 200

    1,406.56
    -11.31 (-0.80%)
     
  • AUD/EUR

    0.6169
    -0.0009 (-0.14%)
     
  • AUD/NZD

    1.0778
    +0.0013 (+0.12%)
     
  • NZX 50

    11,707.93
    -156.96 (-1.32%)
     
  • NASDAQ

    19,659.80
    +82.90 (+0.42%)
     
  • FTSE

    8,146.86
    -16.81 (-0.21%)
     
  • Dow Jones

    38,589.16
    -57.94 (-0.15%)
     
  • DAX

    18,002.02
    -263.68 (-1.44%)
     
  • Hang Seng

    17,982.62
    +40.84 (+0.23%)
     
  • NIKKEI 225

    38,060.77
    -753.79 (-1.94%)
     

Roper Technologies (ROP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Roper Technologies (ROP) reported $1.47 billion in revenue for the quarter ended March 2023, representing a year-over-year decline of 3.7%. EPS of $3.90 for the same period compares to $3.77 a year ago.

The reported revenue represents a surprise of +1.92% over the Zacks Consensus Estimate of $1.44 billion. With the consensus EPS estimate being $3.85, the EPS surprise was +1.30%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Roper Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Application Software: $761.40 million compared to the $736.27 million average estimate based on four analysts.

  • Revenue- Network Software & Systems: $354.50 million compared to the $356.09 million average estimate based on four analysts. The reported number represents a change of -3.9% year over year.

  • Operating Profit- Network Software & Systems: $147.50 million compared to the $143.56 million average estimate based on three analysts.

  • Operating Profit- Application Software: $193.20 million compared to the $189.06 million average estimate based on three analysts.

View all Key Company Metrics for Roper Technologies here>>>

Shares of Roper Technologies have returned -0.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Roper Technologies, Inc. (ROP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research