PTC Inc expected to post earnings of 96 cents a share - Earnings Preview

PTC

29/07/2024 22:17

* PTC Inc  PTC.OQ   PTC.O  is expected to show a fall in
quarterly
revenue when it reports  results on July 31 for the period
ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
1.6% decrease in revenue to $533.536 million from $542.34
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$525.00 million and $540.00 million.
    * ​LSEG's mean analyst estimate for PTC Inc is for earnings
of 96
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 4
"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
$202.94​, above​ its last closing price of $173.80. ​​​

The company's guidance on May 1 2024 for the period ended June
30 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  
 Mar. 31 2024  1.24        1.23       1.46      Beat    18.7
 Dec. 31 2024  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.        1.13        1.14       1.16      Beat    2
 31 2023                                                
 Dec. 31 2022  1.03        1.03       0.99      Missed  -3.7​
 Sep. 30 2022  1.15        1.15       1.27      Beat    10.2
 Jun. 30 2022  1.07        1.06       0.97      Missed  -8.1
 This summary was machine generated July 29 at 21:17 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)