Roper Technologies (ROP) Beats on Q2 Earnings & Revenues
Headquartered in Sarasota, Florida, Roper Technologies, Inc. ROP designs, manufactures and distributes medical and scientific imaging products and software, radio frequency products, services and application software, industrial technology products and energy systems and controls products and solutions.
Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.
However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Also, rising cost of goods sold has been a major concern for the company over the past several quarters.
In the four trailing quarters, Roper Technologies has reported a positive average earnings surprise of 2.95%, beating estimates all through. Earnings estimate revisions have moved north in the last couple of months as investors retain a bullish stance about the performance of the company.
Currently, Roper Technologies has a Zacks Rank #3 (Hold), but that could definitely change following its second-quarter 2018 earnings report, which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ROP reported adjusted earnings of $2.89 per share, which beat the Zacks Consensus Estimate of $2.70.
Roper Technologies, Inc. Price, Consensus and EPS Surprise
Roper Technologies, Inc. Price, Consensus and EPS Surprise | Roper Technologies, Inc. Quote
Revenue: Adjusted revenues increased 13% to $1.30 billion, higher than the Zacks Consensus Estimate of$1.23 billion. Organic revenues grew 9%, while acquisitions/divestitures contributed 2%.
Key Stats to Note: Adjusted gross margin expanded 40 basis points to 63.1% in the quarter.
Stock Price: Shares did not show any movement in the pre-market trading.
Check back later for our full write up on this ROP earnings report later!
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