Roper Technologies slips on downbeat annual profit forecast

Roper Technologies

31/01/2024 12:51

** Shares of industrial solutions and software firm Roper
Technologies  ROP.N  fall 3.7% to $541 premarket
    ** Co sees FY24 adj. EPS between $17.85 - $18.15, below Wall
Street estimates of $18.33 - LSEG data; sees annual revenue
growth at between 11%-12% 
    ** Forecasts Q1 adj. EPS of $4.30 - $4.34 vs ests of $4.32 
    ** Q4 revenue increased 13% to $1.61 bln, above analysts
average est of $1.58 bln
    ** Quarterly adj. EPS of $4.37 beats estimates of $4.34
    ** Ten of 16 brokerages rate the stock "buy" or higher, six
"hold"; their median PT is $577.50 - LSEG
    ** In 2023, ROP stock added more than 26% 

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))