For the quarter ended March 2024, Tyler Technologies (TYL - Free Report) reported revenue of $512.36 million, up 8.6% over the same period last year. EPS came in at $2.20, compared to $1.76 in the year-ago quarter.
The reported revenue represents a surprise of +0.90% over the Zacks Consensus Estimate of $507.79 million. With the consensus EPS estimate being $2.03, the EPS surprise was +8.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tyler Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annualized Recurring Revenues (ARR): $1.72 million versus $1.71 million estimated by four analysts on average.
- Revenue- Subscriptions: $313.24 million versus $314.57 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Revenue- Professional services: $64.81 million versus the six-analyst average estimate of $62.71 million.
- Revenue- Hardware and other: $8.36 million versus $6.82 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +60.8% change.
- Revenue- Maintenance: $117.22 million versus the six-analyst average estimate of $113.61 million. The reported number represents a year-over-year change of +1.8%.
- Revenue- Software licenses and royalties: $8.73 million versus $10.07 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -13.8% change.
- Gross profit- Hardware and other: $3.70 million compared to the $1.55 million average estimate based on three analysts.
- Gross profit- Software licenses and royalties: $7.17 million compared to the $6.65 million average estimate based on three analysts.
View all Key Company Metrics for Tyler Technologies here>>>Shares of Tyler Technologies have returned +0.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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For the quarter ended March 2024, Tyler Technologies (TYL - Free Report) reported revenue of $512.36 million, up 8.6% over the same period last year. EPS came in at $2.20, compared to $1.76 in the year-ago quarter.
The reported revenue represents a surprise of +0.90% over the Zacks Consensus Estimate of $507.79 million. With the consensus EPS estimate being $2.03, the EPS surprise was +8.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tyler Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annualized Recurring Revenues (ARR): $1.72 million versus $1.71 million estimated by four analysts on average.
- Revenue- Subscriptions: $313.24 million versus $314.57 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Revenue- Professional services: $64.81 million versus the six-analyst average estimate of $62.71 million.
- Revenue- Hardware and other: $8.36 million versus $6.82 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +60.8% change.
- Revenue- Maintenance: $117.22 million versus the six-analyst average estimate of $113.61 million. The reported number represents a year-over-year change of +1.8%.
- Revenue- Software licenses and royalties: $8.73 million versus $10.07 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -13.8% change.
- Gross profit- Hardware and other: $3.70 million compared to the $1.55 million average estimate based on three analysts.
- Gross profit- Software licenses and royalties: $7.17 million compared to the $6.65 million average estimate based on three analysts.
View all Key Company Metrics for Tyler Technologies here>>>Shares of Tyler Technologies have returned +0.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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