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Roper (ROP) to Report Q2 Earnings: What's in the Cards?
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Roper Technologies, Inc. (ROP - Free Report) is scheduled to report second-quarter 2018 results on Jul 26, before the market opens.
The company pulled off an average positive earnings surprise of 2.95% over the last four quarters. Notably, in the last reported quarter, Roper’s earnings of $2.61 per share surpassed the Zacks Consensus Estimate by 4.82%. The estimate for the to-be-reported quarter earnings is pegged at $2.70. The stock currently carries a Zacks Rank #3 (Hold).
Let us see how things are shaping up for the company prior to this announcement.
Factors to Influence Q2 Results
Roper believes its unique asset-light business model and strategy to expand business across niche markets will help boost revenues and profitability in the quarters ahead. Also, stronger adoption of innovate solutions like strata and DuraTorque will likely support this upswing.
Continued growth in the medical products businesses is expected to drive near-term revenues of the company’s Medical & Scientific Imaging segment. However, prevalent challenges faced within the U.S. lab business remain a cause of concern.
Strength in Deltek Software, GovCon and Freight Matching businesses are expected to bolster revenues of the company’s RF Technology segment, moving ahead. Additionally, the Quote Software (January 2018) and PlanSwift Software (April 2018) buyouts will likely continue to fortify the segment’s ConstructConnect business.
Stellar sales of the Cornell Pump, Neptune and Roper Pump businesses will likely drive revenues of the company’s Industrial Technology segment. Also, solid performance of the AMOT businesses, especially compressor control, is anticipated to improve top-line results of Energy Systems & Controls segment.
The Zacks Consensus Estimates for second-quarter revenues of Roper’s Medical & Scientific Imaging, RF Technology, Industrial Technology and Energy Systems & Controls segments are currently pegged at $370 million, $504 million, $216 million and $143 million respectively, higher than the corresponding tallies of $351 million, $461 million, $193 million and $131 million recorded in the year-ago quarter.
Roper intends to boost its near-term profitability on the back of lower corporate taxes, stronger revenues and greater operational efficacy. However, escalating material costs remains a major setback. The company anticipates to generate earnings of $2.65-$2.71 million in the to-be-reported quarter.
The Zacks Consensus Estimates for second-quarter operating profit of Roper’s Medical & Scientific Imaging, RF Technology, Industrial Technology and Energy Systems & Controls segments are currently pegged at $132 million, $156 million, $68 million and $39.2 million respectively, higher than the corresponding tallies of $121 million, $120 million, $58 million and $32.9 million recorded in the year-earlier quarter.
Stocks to Consider
Our proven model provides some idea on the stocks that are about to release their earnings results. Per the model, a stock needs to have a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or 2 (Buy) or at least 3 for a likely earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
However, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Here are some companies in the Zacks Industrial sector that you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Graco Inc. (GGG - Free Report) , with an Earnings ESP of +4.00% and a Zacks Rank of 1.
Eaton Corporation plc (ETN - Free Report) , with an Earnings ESP of +0.67% and a Zacks Rank of 2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Roper (ROP) to Report Q2 Earnings: What's in the Cards?
Roper Technologies, Inc. (ROP - Free Report) is scheduled to report second-quarter 2018 results on Jul 26, before the market opens.
The company pulled off an average positive earnings surprise of 2.95% over the last four quarters. Notably, in the last reported quarter, Roper’s earnings of $2.61 per share surpassed the Zacks Consensus Estimate by 4.82%. The estimate for the to-be-reported quarter earnings is pegged at $2.70. The stock currently carries a Zacks Rank #3 (Hold).
Let us see how things are shaping up for the company prior to this announcement.
Factors to Influence Q2 Results
Roper believes its unique asset-light business model and strategy to expand business across niche markets will help boost revenues and profitability in the quarters ahead. Also, stronger adoption of innovate solutions like strata and DuraTorque will likely support this upswing.
Continued growth in the medical products businesses is expected to drive near-term revenues of the company’s Medical & Scientific Imaging segment. However, prevalent challenges faced within the U.S. lab business remain a cause of concern.
Strength in Deltek Software, GovCon and Freight Matching businesses are expected to bolster revenues of the company’s RF Technology segment, moving ahead. Additionally, the Quote Software (January 2018) and PlanSwift Software (April 2018) buyouts will likely continue to fortify the segment’s ConstructConnect business.
Stellar sales of the Cornell Pump, Neptune and Roper Pump businesses will likely drive revenues of the company’s Industrial Technology segment. Also, solid performance of the AMOT businesses, especially compressor control, is anticipated to improve top-line results of Energy Systems & Controls segment.
The Zacks Consensus Estimates for second-quarter revenues of Roper’s Medical & Scientific Imaging, RF Technology, Industrial Technology and Energy Systems & Controls segments are currently pegged at $370 million, $504 million, $216 million and $143 million respectively, higher than the corresponding tallies of $351 million, $461 million, $193 million and $131 million recorded in the year-ago quarter.
Roper intends to boost its near-term profitability on the back of lower corporate taxes, stronger revenues and greater operational efficacy. However, escalating material costs remains a major setback. The company anticipates to generate earnings of $2.65-$2.71 million in the to-be-reported quarter.
The Zacks Consensus Estimates for second-quarter operating profit of Roper’s Medical & Scientific Imaging, RF Technology, Industrial Technology and Energy Systems & Controls segments are currently pegged at $132 million, $156 million, $68 million and $39.2 million respectively, higher than the corresponding tallies of $121 million, $120 million, $58 million and $32.9 million recorded in the year-earlier quarter.
Stocks to Consider
Our proven model provides some idea on the stocks that are about to release their earnings results. Per the model, a stock needs to have a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or 2 (Buy) or at least 3 for a likely earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
However, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Here are some companies in the Zacks Industrial sector that you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Atkore International Group Inc. (ATKR - Free Report) , with an Earnings ESP of +1.49% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Graco Inc. (GGG - Free Report) , with an Earnings ESP of +4.00% and a Zacks Rank of 1.
Eaton Corporation plc (ETN - Free Report) , with an Earnings ESP of +0.67% and a Zacks Rank of 2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>