【kolaghan the storm's fury】Roper Technologies (ROP) Beats Q4 Earnings and Revenue Estimates
Roper Technologies (ROP) came out with quarterly earnings of $3.22 per share,kolaghan the storm's fury beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $2.70 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.88%. A quarter ago, it was expected that this industrial equipment maker would post earnings of $2.94 per share when it actually produced earnings of $3.09, delivering a surprise of 5.10%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Roper Technologies, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $1.38 billion for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 1.77%. This compares to year-ago revenues of $1.23 billion. The company has topped consensus revenue estimates four 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 added about 6.3% since the beginning of the year versus the S&P 500's gain of 7.9%.
What's Next for Roper Technologies?
While Roper Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Roper Technologies was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.78 on $1.27 billion in revenues for the coming quarter and $12.19 on $5.31 billion in revenues for the current fiscal year.
Story continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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
View comments
(责任编辑:Exploration)
- Zuora's (ZUO) Loss Narrows in Q1, Revenues Increase Y/Y
- Novo Nordisk CEO backs ending drug industry rebate system
- The hot new item from 1-800-Flowers.com isn’t flowers
- Does Horizon Bancorp, Inc. (NASDAQ:HBNC) Have A Good P/E Ratio?
- Romios Completes 2020 Field Work in the Golden Triangle, Identifies Strong Alteration Zones at Recent Copper-Gold Discoveries on its TREK SOUTH and ANDREI EAST Porphyry Targets
- Global watchdog warns over financial staff curbs in pandemic
- Weight Watchers posts dynamite earnings, and the stock is soaring
- Tesla shares drop on price cut, disappointing Model 3 deliveries
- Invest Like The One Percent With These Three ETFs
- Spread of virus drives Corporate America into cyberspace for annual meetings
- Despite Lifting of Some Russia Sanctions, GCs Cautioned to Remain Wary
- HIGHLIGHTS-India unveils budget aimed at tackling rural distress
- How Will the Government Shutdown Affect Tax Returns in 2019?
-
Acadia Pharmaceuticals (ACAD) Reports Q3 Loss, Tops Revenue Estimates
Acadia Pharmaceuticals (ACAD) came out with a quarterly loss of $0.54 per share versus the Zacks Con ...[详细] -
Morning News Call - India, January 3
To access the newsletter, click on the link:http://share.thomsonreuters.com/assets/newsletters/India ...[详细] -
BRIEF-Zhende Medical To Buy Stake In Suzhou Medsport Products For 104.2 Mln Yuan
Jan 1 (Reuters) - Zhende Medical Co Ltd:* SAYS IT PLANS TO BUY 70 PERCENT STAKE IN SUZHOU MEDSPORT P ...[详细] -
With A 4.6% Return On Equity, Is Kilitch Drugs (India) Limited (NSE:KILITCH) A Quality Stock?
While some investors are already well versed in financial metrics (hat tip), this article is for tho ...[详细] -
GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level
The initialjoblessclaims of over 6 million of course shock the market and it had money heading into ...[详细] -
Egypt exporting 520 mln cubic feet of LNG per day from Idku plant - official
CAIRO, Jan 2 (Reuters) - Egypt is currently exporting 520 million cubic feet of liquified natural ga ...[详细] -
BRIEF-Lingnan Eco & Culture-Tourism's Consortium Expects To Win Engineering Contract
Jan 2 (Reuters) - LingNan Eco&Culture-Tourism Co Ltd :* SAYS ITS CONSORTIUM EXPECTS TO WIN ENGINEERI ...[详细] -
3 things small business owners should know for 2019
NEW YORK (AP) -- Now that the new year is here, small business owners may find themselves trying to ...[详细] -
Euro zone manufacturing collapses in April as virus spreads -PMI
LONDON, May 4 (Reuters) - Manufacturing activity in the euro zone collapsed last month as government ...[详细] -
GrubHub reveals the most vegan-friendly states and the top meat alternatives of 2019
Delivery orders ofvegandishesare on the rise, according to a recent report.Earlier this month, GrubH ...[详细]
Buying a House? 4 Things to Take Off Your Must-Have List Now
UK abolishes 'sexist' tax on women's sanitary products
- The Global Enterprise Very Small Aperture Terminal (VSAT) Market is expected to grow by $ 1.82 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period
- AP Top Extended Financial Headlines at 11:58 p.m. EST
- The 50-State Cybersecurity Class Action Is Here to Stay. How to Defend Against It!
- The hot new item from 1-800-Flowers.com isn’t flowers
- Considerable EBIT improvement in the first two months of 2020
- We Think Base Resources (ASX:BSE) Can Stay On Top Of Its Debt
- Keeping Up with the Kardashians Recap: Bruce Jenner Prepares to Undergo Facial Feminization Surgery