Yahoo Finance Stay Ahead of the Game With Roper Technologies (ROP) Q1 Earnings: Wall Street's Insights on Key Metrics
The upcoming report from Roper Technologies (ROP) is expected to reveal quarterly earnings of $4.34 per share, indicating an increase of 11.3% compared to the year-ago period. Analysts forecast revenues of $1.65 billion, representing an increase of 12.1% year over year.
Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
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 among analysts is that 'Revenue- Network Software & Systems' will reach $364.77 million. The estimate suggests a change of +2.9% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Application Software' of $881.92 million. The estimate indicates a year-over-year change of +15.8%.
It is projected by analysts that the 'Operating Profit- Application Software' will reach $232.96 million. The estimate is in contrast to the year-ago figure of $193.20 million.
Analysts expect 'Operating Profit- Network Software & Systems' to come in at $158.01 million. The estimate compares to the year-ago value of $147.50 million.
View all Key Company Metrics for Roper Technologies here>>>
Over the past month, Roper Technologies shares have recorded returns of -2.2% versus the Zacks S&P 500 composite's -4.2% change. Based on its Zacks Rank #2 (Buy), ROP will likely outperform the overall market in the upcoming period. 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
