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PTC Set to Report Q1 Earnings: Here's What You Should Know
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PTC Inc (PTC - Free Report) is slated to report first-quarter fiscal 2024 results on Jan 31.
The Zacks Consensus Estimate for revenues is pegged at $538.6 million, suggesting growth of 15.6% from a year ago. The consensus estimate for earnings is pegged at 98 cents per share, indicating a decline of 1% from the prior year.
The company has a trailing four-quarter earnings surprise of 2.43%, on average.
Factors to Consider
Strength in the industrial Internet of Things solutions, and healthy demand for product lifecycle management (“PLM”) and computer-aided design (“CAD”) solutions are expected to have contributed to PTC’s fiscal first-quarter top line. A strong uptick in demand for Creo+ and Windchill platforms and is likely to have acted as a tailwind.
Increasing demand for products, especially digital transformation and software-as-a-service or SaaS, across all segments and regions is expected to have driven PTC’s revenue performance in the to-be-reported quarter. Continued momentum in Onshape and Arena will further assist the company in the SaaS transition.
Subscription-centric model and disciplined operational management are likely to have favored its overall performance. The Zacks Consensus Estimate for recurring revenues is pegged at $495 million, implying an 18.7% rise from a year ago.
Synergies from the recent buyouts of ServiceMax and Codebeamer are likely to have aided the company's performance. Codebeamer is aiding PTC in significantly strengthening its position in the Application Lifestyle Management or ALM market.
For the fiscal first quarter, PTC expects ARR to be between $1.995 billion and $2.010 billion. Cash from operations is projected to be $185 million and free cash flow is forecast to be $180 million.
However, volatility in foreign exchange rates and a challenging global macroeconomic environment are expected to have weighed on the company’s performance. Also, increasing research and development costs to fend off competition are likely to have acted as headwinds.
What Our Model Says
Our proven model predicts an earnings beat for PTC this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
PTC has an Earnings ESP of +2.12% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few stocks that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this quarter.
Apple (AAPL - Free Report) has an Earnings ESP of +1.96% and carries a Zacks Rank #3 at present. Apple is scheduled to release first-quarter fiscal 2024 results on Feb 1.
The Zacks Consensus Estimate for Apple’s to-be-reported quarter’s earnings and revenues is pegged at $2.09 per share and $117.6 billion, respectively. Shares of AAPL have gained 34.6% in the past year.
The Zacks Consensus Estimate for FTV’s to-be-reported quarter’s revenues and earnings is pegged at $1.57 billion and 93 cents per share, respectively. Shares of FTV have rallied 11.7% in the past year.
Roper Technologies (ROP - Free Report) has an Earnings ESP of +1.69% and a Zacks Rank #2 at present. ROP will release results on Jan 31.
The Zacks Consensus Estimate for Roper Technologies’ to-be-reported quarter’s earnings and revenues is pegged at $4.33 per share and $1.58 billion, respectively. Shares of ROP have gained 29.8% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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PTC Set to Report Q1 Earnings: Here's What You Should Know
PTC Inc (PTC - Free Report) is slated to report first-quarter fiscal 2024 results on Jan 31.
The Zacks Consensus Estimate for revenues is pegged at $538.6 million, suggesting growth of 15.6% from a year ago. The consensus estimate for earnings is pegged at 98 cents per share, indicating a decline of 1% from the prior year.
The company has a trailing four-quarter earnings surprise of 2.43%, on average.
Factors to Consider
Strength in the industrial Internet of Things solutions, and healthy demand for product lifecycle management (“PLM”) and computer-aided design (“CAD”) solutions are expected to have contributed to PTC’s fiscal first-quarter top line. A strong uptick in demand for Creo+ and Windchill platforms and is likely to have acted as a tailwind.
Increasing demand for products, especially digital transformation and software-as-a-service or SaaS, across all segments and regions is expected to have driven PTC’s revenue performance in the to-be-reported quarter. Continued momentum in Onshape and Arena will further assist the company in the SaaS transition.
PTC Inc. Price and EPS Surprise
PTC Inc. price-eps-surprise | PTC Inc. Quote
Subscription-centric model and disciplined operational management are likely to have favored its overall performance. The Zacks Consensus Estimate for recurring revenues is pegged at $495 million, implying an 18.7% rise from a year ago.
Synergies from the recent buyouts of ServiceMax and Codebeamer are likely to have aided the company's performance. Codebeamer is aiding PTC in significantly strengthening its position in the Application Lifestyle Management or ALM market.
For the fiscal first quarter, PTC expects ARR to be between $1.995 billion and $2.010 billion. Cash from operations is projected to be $185 million and free cash flow is forecast to be $180 million.
However, volatility in foreign exchange rates and a challenging global macroeconomic environment are expected to have weighed on the company’s performance. Also, increasing research and development costs to fend off competition are likely to have acted as headwinds.
What Our Model Says
Our proven model predicts an earnings beat for PTC this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
PTC has an Earnings ESP of +2.12% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few stocks that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this quarter.
Apple (AAPL - Free Report) has an Earnings ESP of +1.96% and carries a Zacks Rank #3 at present. Apple is scheduled to release first-quarter fiscal 2024 results on Feb 1.
The Zacks Consensus Estimate for Apple’s to-be-reported quarter’s earnings and revenues is pegged at $2.09 per share and $117.6 billion, respectively. Shares of AAPL have gained 34.6% in the past year.
Fortive Corporation (FTV - Free Report) has an Earnings ESP of +0.64% and presently carries a Zacks Rank #2. FTV is slated to release quarterly numbers on Jan 31. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for FTV’s to-be-reported quarter’s revenues and earnings is pegged at $1.57 billion and 93 cents per share, respectively. Shares of FTV have rallied 11.7% in the past year.
Roper Technologies (ROP - Free Report) has an Earnings ESP of +1.69% and a Zacks Rank #2 at present. ROP will release results on Jan 31.
The Zacks Consensus Estimate for Roper Technologies’ to-be-reported quarter’s earnings and revenues is pegged at $4.33 per share and $1.58 billion, respectively. Shares of ROP have gained 29.8% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.