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

Tyler Technologies

15/02/2024 03:07

* Tyler Technologies Inc  TYL.N  reported quarterly adjusted
earnings of $1.89​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.66.  The mean expectation of
eighteen analysts for the quarter was for earnings of $1.86 per
share. Wall Street expected results to range from $1.82 
to $1.95 per share.
    * Revenue rose 6.3% to $480.94 million from a year ago;
analysts
expected $484.69 million. 
    * Tyler Technologies Inc's reported EPS for the quarter was
91
cents​.
    * The company reported quarterly net income of $38.9
million.
    * Tyler Technologies Inc shares had risen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "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 Tyler
Technologies Inc is $467.50 
This summary was machine generated from LSEG data February 15 at
03:06 a.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      1.86           1.89           Beat
 Sep. 30 2023      1.99           2.14           Beat
 Jun. 30 2023      1.89           2.01           Beat
 Mar. 31 2023      1.69           1.76           Beat