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Compared to Estimates, PTC Inc. (PTC) Q2 Earnings: A Look at Key Metrics
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PTC Inc. (PTC - Free Report) reported $603.07 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 11.2%. EPS of $1.46 for the same period compares to $1.16 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $575.53 million, representing a surprise of +4.79%. The company delivered an EPS surprise of +18.70%, with the consensus EPS estimate being $1.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 PTC Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
ARR as reported: $2.09 billion versus the three-analyst average estimate of $2.09 billion.
Revenue- Recurring Revenue: $564.01 million compared to the $530.86 million average estimate based on four analysts. The reported number represents a change of +14.6% year over year.
Revenue- Professional Services: $32.31 million versus the four-analyst average estimate of $35.08 million. The reported number represents a year-over-year change of -21.4%.
Revenue- Total Software (License+Support & cloud services): $570.77 million versus the four-analyst average estimate of $538.62 million. The reported number represents a year-over-year change of +13.9%.
Revenue- Perpetual License: $6.75 million versus $7.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -24.3% change.
Shares of PTC Inc. have returned -4.9% over the past month versus the Zacks S&P 500 composite's -4.1% 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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Compared to Estimates, PTC Inc. (PTC) Q2 Earnings: A Look at Key Metrics
PTC Inc. (PTC - Free Report) reported $603.07 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 11.2%. EPS of $1.46 for the same period compares to $1.16 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $575.53 million, representing a surprise of +4.79%. The company delivered an EPS surprise of +18.70%, with the consensus EPS estimate being $1.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 PTC Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- ARR as reported: $2.09 billion versus the three-analyst average estimate of $2.09 billion.
- Revenue- Recurring Revenue: $564.01 million compared to the $530.86 million average estimate based on four analysts. The reported number represents a change of +14.6% year over year.
- Revenue- Professional Services: $32.31 million versus the four-analyst average estimate of $35.08 million. The reported number represents a year-over-year change of -21.4%.
- Revenue- Total Software (License+Support & cloud services): $570.77 million versus the four-analyst average estimate of $538.62 million. The reported number represents a year-over-year change of +13.9%.
- Revenue- Perpetual License: $6.75 million versus $7.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -24.3% change.
View all Key Company Metrics for PTC Inc. here>>>Shares of PTC Inc. have returned -4.9% over the past month versus the Zacks S&P 500 composite's -4.1% 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.