Shares of Roper Technologies (ROP 5.98%) were up by 7% as of 12:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Software company Roper Technologies (ROP 5.98%) reported fourth-quarter and full-year earnings on Thursday, Jan. 30, that topped analysts' consensus estimates. Q4 revenue reached $1.88 billion, just ahead of expectations for $1.84 billion, and rose 16.6% year over year.
Roper Technologies, Inc. (NASDAQ:ROP ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Zack Moxcey - VP of IR Neil Hunn - President and CEO Jason Conley - EVP and CFO Conference Call Participants Ken Wong - Oppenheimer Joe Giordano - TD Cowen Joe Vruwink - Baird Terry Tillman - Truist Securities Brent Thill - Jefferies Deane Dray - RBC Capital Markets Scott Davis - Melius Research Steve Tusa - JPMorgan Julian Mitchell - Barclays Operator Good morning. The Roper Technologies Conference Call will now begin.
ROP's fourth-quarter 2024 revenues increase 16% year over year, driven by strength in its Application Software segment.
The headline numbers for Roper Technologies (ROP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Roper Technologies (ROP) came out with quarterly earnings of $4.81 per share, beating the Zacks Consensus Estimate of $4.72 per share. This compares to earnings of $4.37 per share a year ago.
Roper Technologies forecast annual revenue growth above Wall Street estimates on Thursday, a sign of stable demand for its specialized software products that help customers manage critical operations.
ROP gains from solid momentum across its segments, accretive acquisitions and shareholder-friendly policies.
Roper Technologies (ROP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Oppenheimer analyst Ken Wong assumed coverage of Roper Technologies with an Outperform rating and $630 price target. The firm sees potential for revenue acceleration with management targeting companies earlier in the S-curve, as opposed to the prior strategy of pursuing established market leaders. The analyst has high confidence that management's decentralized philosophy and competency identifying, nurturing, and operating market leaders will minimize the risks associated with earlier-stage companies while potentially enabling superior long-term value.