• Application software net revenue from continuing operations was $895.2 million, surpassing the estimate of $882.5 million.
• Network software net revenue from continuing operations came in at $370.8 million, slightly below the estimated $374.3 million.
• Technology enabled products net revenue from continuing operations was $414.7 million, beating the estimate of $407.4 million.
• Adjusted EPS from continuing operations reached $4.41, outperforming the estimate of $4.34.
• The total net revenue from continuing operations was $1.68 billion, exceeding the estimate of $1.65 billion.
• Organic revenue from continuing operations rose by 8%, beating the estimate of 6.58%.
• The adjusted gross margin from continuing operations came in at 70.3%, slightly higher than the estimate of 70.1%.
• The firm projects adjusted EPS from continuing operations for the year to be between $18.05 and $18.25, around the estimated $18.12.
• For the second quarter of 2024, the company expects adjusted DEPS to come in between $4.42 and $4.46.
• The full year 2024 outlook has been raised on the back of strong first quarter results, ongoing customer demand for critical solutions and expansion of the recurring revenue base.
• Presently, there are 9 buys, 7 holds, and 1 sell rating on the stock.
Roper Technologies on Smartkarma
Analyst coverage of Roper Technologies on Smartkarma reveals insights from Baptista Research. In their report titled “Roper Technologies: Acquisition Of Procare Solutions & Improving M&A Pipeline! – Major Drivers,” the analyst highlighted the company’s strong 2023 performance. Key takeaways include 15% revenue growth, 16% EBITDA growth, and a remarkable 32% increase in free cash flow. Roper Technologies also saw 8% organic revenue growth, setting a positive tone for 2024. The company’s strategic moves, such as investing $2.1 billion in high-quality vertical software acquisitions like Syntellis and Replicon, have bolstered its position in the market.
A look at Roper Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Roper Technologies has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned well for future expansion and market performance. Its focus on innovation and technological advancements is reflected in these scores, indicating a strong potential for continued growth and development in the industrial equipment sector.
Roper Technologies, known for manufacturing and distributing a wide range of industrial equipment, shows a balanced overall outlook with moderate scores in Value, Resilience, and Dividend. This signifies a stable foundation coupled with potential for sustainable growth. With its diverse product offerings including industrial controls, medical devices, and software solutions, Roper Technologies remains well-positioned for long-term success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
