Roper Technologies expected to beat Q2 earnings with 12.6% revenue increase

From Nasdaq: 2024-07-19 11:45:00

Roper Technologies, Inc. is set to report Q2 2024 results on Jul 24. Consensus estimates show 0.5% increase in earnings and revenues at $1.72 billion, up 12.6%. Factors influencing performance include strength in the Application Software segment, leading to an expected 19.1% increase to $917.4 million in revenues.

Roper’s Network Software segment is predicted to see a 4% YoY revenue increase to $372.4 million, fueled by strong bookings in the iPipeline business. The Technology Enabled Products segment is expected to see revenues rise 7.7% to $434 million, boosted by the Neptune business and solid momentum in Verathon.

Synergies from recent acquisitions are expected to boost Roper’s revenues, with total revenues estimated at $1.7 billion, up 12.6% YoY, and adjusted earnings at $4.43 per share, up 7.6%. However, escalating operating costs could impact margins, with expectations of general and administrative expenses rising by 15.9%.

Roper operates internationally, which may pose challenges due to foreign currency headwinds. Despite this, an earnings beat is predicted this quarter, supported by a positive Earnings ESP of +1.68% and a Zacks Rank #3. Other companies in the sector with potential for earnings beat include Axcelis Technologies, Apple Inc., and Arista Networks. Stay informed with the Zacks Earnings Calendar for upcoming announcements.



Read more at Nasdaq: Roper (ROP) Gears Up to Post Q2 Earnings: Is a Beat in Store?