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

PTC

31/07/2024 22:02

* PTC Inc  PTC.OQ  reported quarterly adjusted earnings of
98
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 99
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 96 cents per share. Wall Street
expected results to range from 92 cents to 99 cents per share.
    * Revenue fell 4.4% to $518.64 million from a year ago;
analysts
expected $533.54 million. 
    * PTC Inc's reported EPS for the quarter was 57 cents​.
    * The company reported quarterly net income of $68.98
million.
    * PTC Inc shares had fallen by 2.9% this quarter and
gained 0.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for PTC Inc is
$202.94 
This summary was machine generated from LSEG data July 31 at
09:01 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
 Jun. 30 2024      0.96           0.98           Beat
 Mar. 31 2024      1.23           1.46           Beat
 Dec. 31 2023      0.96           1.11           Beat
 Sep. 30 2023      1.14           1.20           Beat