We issued an updated research report on Roper Technologies, Inc. (ROP - Free Report) on Sep 17.
This industrial company’s market capitalization is approximately $32.2 billion. It currently carries a Zacks Rank #3 (Hold).
Few growth drivers, as well as certain headwinds that might influence Roper, have been discussed below.
Factors Favoring Roper
Financial Performance and Outlook: Roper delivered better-than-expected results in the last four quarters. Average earnings surprise is a positive 4.48%, including the impact of an earnings beat of 7.04% recorded in the second quarter of 2018. Moreover, earnings in the second quarter increased 29% year over year, driven by organic sales growth and contribution from acquired assets.
For 2018, Roper anticipates adjusted earnings per share of $11.40-$11.56, above the previous projection of $11.08-$11.32. Organic sales are anticipated to grow roughly 7%, above 4-6% growth estimated earlier. Innovative products, asset-light business model, diversified business structure and acquisitive nature will be advantageous.
Driven by impressive results and solid outlook, the company’s earnings estimates for 2018 have been revised upward by seven brokerage firms in the past 60 days. Further, the estimate for 2019 has been raised by six firms against one downward revision. Currently, the Zack Consensus Estimate for earnings is pegged at $11.51 for 2018 and $12.40 for 2019. Both estimates reflect growth of 2.1% from the respective tallies 60-days ago.
Roper Technologies, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
We issued an updated research report on Roper Technologies, Inc. (ROP - Free Report) on Sep 17.
This industrial company’s market capitalization is approximately $32.2 billion. It currently carries a Zacks Rank #3 (Hold).
Few growth drivers, as well as certain headwinds that might influence Roper, have been discussed below.
Factors Favoring Roper
Financial Performance and Outlook: Roper delivered better-than-expected results in the last four quarters. Average earnings surprise is a positive 4.48%, including the impact of an earnings beat of 7.04% recorded in the second quarter of 2018. Moreover, earnings in the second quarter increased 29% year over year, driven by organic sales growth and contribution from acquired assets.
For 2018, Roper anticipates adjusted earnings per share of $11.40-$11.56, above the previous projection of $11.08-$11.32. Organic sales are anticipated to grow roughly 7%, above 4-6% growth estimated earlier. Innovative products, asset-light business model, diversified business structure and acquisitive nature will be advantageous.
Driven by impressive results and solid outlook, the company’s earnings estimates for 2018 have been revised upward by seven brokerage firms in the past 60 days. Further, the estimate for 2019 has been raised by six firms against one downward revision. Currently, the Zack Consensus Estimate for earnings is pegged at $11.51 for 2018 and $12.40 for 2019. Both estimates reflect growth of 2.1% from the respective tallies 60-days ago.
Roper Technologies, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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