PTC (PTC) Q1 Earnings: What To Expect

From Barchart:

PTC (NASDAQ:PTC) will report earnings after the bell tomorrow. Last quarter, revenues were $546.6 million, up 7.6% year on year, missing analyst expectations. For this quarter, analysts expect PTC’s revenue to grow 15.5% year on year to $538 million, with adjusted earnings at $0.97 per share. Agilysys, a peer in the vertical software segment, reported top-line growth of 21.3% year on year, beating analyst estimates. PTC is up 9.6% over the last month, with an analyst price target of $185.6. Another company to watch is CrowdStrike, with revenue growth of 70% year on year and leading the industry’s technological shift. The author has no position in any mentioned stocks.



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