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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 $1.65 beating the Zacks Consensus Estimate of $1.62. Earnings increased 2.5% year over year. The company expects fourth quarter earnings in the band of $1.77 - $1.89. Roper again slashed its full year adjusted diluted earnings per share guidance to $6.48 – $6.60 from the range of $6.57 - $6.71 projected earlier.
Revenue: Revenues of $945.1 million were up 6.9% year over year but fell short of the Zacks Consensus Estimate of $960.2 million.
Key Stats: Net orders increased 4% to $929 million in the quarter.
Check back later for our full write up on this ROP earnings report later!
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Roper Technologies' (ROP) Q3 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#4 (Sell) but that could change following its third quarter 2016 earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Roper reported adjusted earnings per share of $1.65 beating the Zacks Consensus Estimate of $1.62. Earnings increased 2.5% year over year. The company expects fourth quarter earnings in the band of $1.77 - $1.89. Roper again slashed its full year adjusted diluted earnings per share guidance to $6.48 – $6.60 from the range of $6.57 - $6.71 projected earlier.
ROPER TECHNOLGS Price
ROPER TECHNOLGS Price | ROPER TECHNOLGS Quote
Revenue: Revenues of $945.1 million were up 6.9% year over year but fell short of the Zacks Consensus Estimate of $960.2 million.
Key Stats: Net orders increased 4% to $929 million in the quarter.
Check back later for our full write up on this ROP earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.Click to see them now>>