Roper Technologies ROP reported its Q3 earnings results on Friday, October 22, 2021 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
Roper Technologies beat their estimated earnings by 2.09%, which did not surprise analysts.
Revenue was up $94,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09, which was followed by a 1.02% increase in the share price the next day.
Here's a look at Roper Technologies's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 3.67 | 3.32 | 3.48 | 3.04 |
| EPS Actual | 3.76 | 3.60 | 3.56 | 3.17 |
| Revenue Estimate | 1.58B | 1.51B | 1.53B | 1.35B |
| Revenue Actual | 1.59B | 1.53B | 1.51B | 1.37B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Roper Technologies management provided guidance for their next quarter, expecting earnings between $3.8 and $3.84 per share for the nextquarter.
This represents a -2.3% in quarter-over-quarter growth for Roper Technologies, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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