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

Tyler Technologies

24/04/2024 23:28

* Tyler Technologies Inc  TYL.N  reported quarterly adjusted
earnings of $2.20​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.76.  The mean expectation of
eighteen analysts for the quarter was for earnings of $2.04 per
share. Wall Street expected results to range from $1.92 
to $2.16 per share.
    * Revenue rose 8.6% to $512.36 million from a year ago;
analysts
expected $507.15 million. 
    * Tyler Technologies Inc's reported EPS for the quarter was
$1.26​.
    * The company reported quarterly net income of $54.17
million.
    * Tyler Technologies Inc shares had fallen by 1.5% this
quarter and gained 0.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 14 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Tyler
Technologies Inc is $482.50 

This summary was machine generated from LSEG data April 24 at
10:27 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
 Mar. 31 2024      2.04           2.20           Beat
 Dec. 31 2023      1.86           1.89           Beat
 Sep. 30 2023      1.99           2.14           Beat
 Jun. 30 2023      1.89           2.01           Beat