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PTC Inc. (PTC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-02 23:01
PTC Inc. (PTC) reported $518.64 million in revenue for the quarter ended June 2024, representing a year-overyear decline of 4.4%. EPS of $0.98 for the same period compares to $0.99 a year ago. The reported revenue represents a surprise of -2.70% over the Zacks Consensus Estimate of $533.04 million. With the consensus EPS estimate being $0.98, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...
PTC(PTC) - 2024 Q3 - Quarterly Report
2024-08-02 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_ to_ Commission File Number: 0-18059 PTC Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2866152 (State or other jurisdiction of incorporatio ...
PTC's Q3 Earnings Match Estimates, Revenues Decrease Y/Y
ZACKS· 2024-08-01 15:10
PTC Inc. (PTC) reported third-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 98 cents, down 1% on a year-over-year basis. The figure came in line with the Zacks Consensus Estimate. Revenues were $519 million, declining 4% year over year (down 3% at constant currency or cc). The top line missed the Zacks Consensus Estimate by 2.7%. A challenging selling environment resulted in the year-overyear decline. Top Line in Detail Recurring revenues of $481.6 million fell 3.4% year over year. Perpetual lice ...
PTC(PTC) - 2024 Q3 - Earnings Call Presentation
2024-08-01 03:25
Q3'24 FINANCIAL RESULTS Neil Barua CEO Kristian Talvitie CFO July 31, 2024 FORWARD LOOKING STATEMENTS 2 This presentation includes forward looking statements regarding PTC's future financial performance, strategic outlook and expectations, anticipated future operations, and expected effects of strategic investments and initiatives. Because such statements deal with future events, actual results may differ materially from those projected in the forwardlooking statements. Information about factors that could ...
PTC(PTC) - 2024 Q3 - Earnings Call Transcript
2024-08-01 03:24
PTC Inc. (NASDAQ:PTC) Q3 2024 Results Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Matt Shimao - Head of Investor Relations Neil Barua - Chief Executive Officer Kristian Talvitie - Executive Vice President and Chief Financial Officer Conference Call Participants Siti Panigrahi - Mizuho Securities Tyler Radke - Citigroup Joe Vruwink - Robert W. Baird Stephen Tusa - J.P. Morgan Adam Borg - Stifel Financial Joshua Tilton - Wolfe Research Saket Kalia - Barclays Capital Jason Celino - K ...
PTC Inc. (PTC) Q3 Earnings Meet Estimates
ZACKS· 2024-07-31 22:11
PTC Inc. (PTC) came out with quarterly earnings of $0.98 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this product development software maker would post earnings of $1.23 per share when it actually produced earnings of $1.46, delivering a surprise of 18.70%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. PTC Inc ...
PTC(PTC) - 2024 Q3 - Quarterly Results
2024-07-31 20:02
PTC ANNOUNCES THIRD FISCAL QUARTER 2024 RESULTS Solid ARR and Cash Flow in Q3'24 Guiding to 11-12% Constant Currency ARR Growth and Maintaining Free Cash Flow Guidance for FY'24 BOSTON, MA, July 31, 2024 - PTC (NASDAQ: PTC) today reported financial results for its third fiscal quarter ended June 30, 2024. "In our third fiscal quarter, we again delivered solid ARR and cash flow, with year over year ARR growth in the low doubledigits and cash flow growth above 20%. We have a differentiated strategy that lever ...
What Analyst Projections for Key Metrics Reveal About PTC Inc. (PTC) Q3 Earnings
ZACKS· 2024-07-30 14:21
In its upcoming report, PTC Inc. (PTC) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting a decline of 1% compared to the same period last year. Revenues are forecasted to be $533.04 million, representing a year-over-year decrease of 1.7%. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. ...
PTC Therapeutics Announces Sepiapterin NDA Submission to FDA
Prnewswire· 2024-07-30 12:00
"This NDA submission is an important step in bringing this therapy to children and adults living with PKU in the U.S.," said Matthew B. Klein, M.D., Chief Executive Officer of PTC Therapeutics. "The robust sepiapterin clinical trial data, including Phe tolerance results, support the potential of sepiapterin to meet the persistent unmet medical need for the large number of children and adults with PKU." The European marketing authorization application is currently under review and the marketing authorization ...
PTC Gears Up to Report Q3 Earnings: What's in the Offing?
ZACKS· 2024-07-29 14:40
PTC's core business segments - CAD (Computer-Aided Design) and PLM (Product Lifecycle Management) solutions - continue to be major revenue drivers and are likely to have cushioned its performance in the to-bereported quarter. PTC Inc (PTC) is slated to report third-quarter fiscal 2024 results on Jul 31, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $533 million, indicating a decline of 1.7% from the year-ago reported number. The consensus estimate for earnings is pegged at 9 ...