Roper Technologies, Inc. (ROP) is all set to unveil its second-quarter 2024 results on July 24 before the market opens.
The company’s second-quarter earnings estimate has been on the rise, showing a 0.5% increase over the last 60 days. Roper has a commendable track record of surpassing earnings estimates, outperforming expectations in the last four consecutive quarters with an average beat of 2%.
Analysts expect Roper’s second-quarter revenue to reach $1.72 billion, reflecting a robust 12.6% growth compared to the same period last year. The consensus estimate for adjusted earnings stands at $4.46 per share, denoting an 8.3% increase year over year.
Let’s delve into what lies ahead for Roper this earnings season.
Factors to Monitor
Roper’s Application Software segment is anticipated to benefit from solid performances across its Deltek, Strata, PowerPlan, and Aderant businesses. The company’s acquisitions like Procare Solutions and Syntellis Performance Solutions are expected to contribute to revenue growth.
The Network Software segment is likely to see a boost from iPipeline business bookings, while the Technology Enabled Products segment is banking on the momentum in its Verathon business. International operations may face challenges due to foreign currency headwinds.
Earnings Speculation
The synergistic combination of a positive Earnings ESP and a Zacks Rank #1, 2, or 3 points to an earnings beat for Roper this quarter. With an Earnings ESP of +1.68% and a Zacks Rank of 3, Roper looks well-positioned to outperform.
Other Market Players
Among other Computer and Technology sector companies, Axcelis Technologies, Inc., Apple Inc., and Arista Networks, Inc. show strong potential for earnings beats. Keeping an eye on these players can offer valuable insights into future market trends.
Axcelis Technologies, Inc., with an Earnings ESP of +2.97%, has a history of surpassing earnings estimates consistently, setting the stage for a potentially strong performance in the upcoming quarter.
Apple Inc. boasts an Earnings ESP of +3.23%, reflecting positive market sentiment and potential growth. Arista Networks, Inc.’s solid track record of consistent earnings beats positions it as a noteworthy player in the market.
As investors gear up for earnings announcements, a strategic approach to evaluating potential winners can be crucial in navigating the market. Keeping a pulse on sector performance and emerging trends can pave the way for informed decision-making.
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