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Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP - Free Report) designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions.
Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.
However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Sluggish macroeconomic growth is a concern for the company, as it lowers infrastructure spending, which negatively impacts Roper’s overall growth.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Roper reported adjusted earnings per share of $2.11 beating the Zacks Consensus Estimate of $2.00. The company expects second quarter earnings in the band of $2.16 - $2.24.
Revenue: Revenues of $1.086 billion were up 20.4% year over year but missed the Zacks Consensus Estimate of $1.094 billion.
Key Stats: Adjusted gross margin increased 10 bps to 62.2% in the quarter.
Check back later for our full write up on this ROP earnings report later!
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Roper Technologies' (ROP) Q1 Earnings Beat Estimates
Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP - Free Report) designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions.
Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.
However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Sluggish macroeconomic growth is a concern for the company, as it lowers infrastructure spending, which negatively impacts Roper’s overall growth.
Zacks Rank: Currently, Roper Technologies has a Zacks Rank#3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Roper Technologies, Inc. Price and EPS Surprise
Roper Technologies, Inc. Price and EPS Surprise | Roper Technologies, Inc. Quote
We have highlighted some of the key details from the just-released announcement below:
Earnings: Roper reported adjusted earnings per share of $2.11 beating the Zacks Consensus Estimate of $2.00. The company expects second quarter earnings in the band of $2.16 - $2.24.
Revenue: Revenues of $1.086 billion were up 20.4% year over year but missed the Zacks Consensus Estimate of $1.094 billion.
Key Stats: Adjusted gross margin increased 10 bps to 62.2% in the quarter.
Check back later for our full write up on this ROP earnings report later!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.See these critical buys and sells free >>