PTC Inc expected to post earnings of $1.23 a share - Earnings Preview

PTC

29/04/2024 22:59

* PTC Inc  PTC.OQ   PTC.O  is expected to show a rise in
quarterly
revenue when it reports  results on May 1 for the period ending
March 31 2024
    * The Boston Massachusetts-based  company is expected to
report a
6.4% increase in revenue to $577.1 million from $542.18 million
a year ago, according to the mean estimate from 15 analysts,
based on LSEG data.The company's guidance on January 31 2024,
for the period ended March 31, was for revenue between $560.00
million and $590.00 million.
    * ​LSEG's mean analyst estimate for PTC Inc is for earnings
of
$1.23 per share. The company's EPS guidance on January 31 2024,
for the period ended March 31, was between $1.10 and $1.30 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PTC Inc is
$205.00​, above​ its last closing price of $180.68. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Capital Expenditures of USD5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.97        0.96       1.11      Beat    15.3
 Sep. 30 2023  1.12        1.14       1.20      Beat    5.4
 Jun. 30 2023  0.98        1.00       0.99      Missed  -0.6​
 Mar. 31 2023  1.13        1.14       1.16      Beat    2
 ​​Jan.        1.03        1.03       0.99      Missed  -3.7
 1 0001                                                 
 Sep. 30 2022  1.15        1.15       1.27      Beat    10.2​
 Jan. 1 0001   1.07        1.06       0.97      Missed  -8.1
 Mar. 31 2022  1.14        1.14       1.39      Beat    22.2
 This summary was machine generated April 29 at 21:58 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)