PTC Inc reports results for the quarter ended in December - Earnings Summary

PTC

31/01/2024 22:01

* PTC Inc  PTC.OQ  reported quarterly adjusted earnings of
$1.11​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of 99
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 96 cents per share. Wall Street expected
results to range from 90 cents to $1.05 per share.
    * Revenue rose 18.1% to $550.21 million from a year ago;
analysts
expected $538.86 million. 
    * PTC Inc's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $66.39
million.
    * PTC Inc shares had risen by 5.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for PTC Inc is
$190.00 

This summary was machine generated from LSEG data January 31 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.96           1.11           Beat
 Sep. 30 2023      1.14           1.20           Beat
 Jun. 30 2023      1.00           0.99           Missed
 Mar. 31 2023      1.14           1.16           Beat