Why PTC Inc. (PTC) Could Beat Earnings Estimates Again

Core Viewpoint - PTC Inc. is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates and its positive outlook for future earnings reports [1]. Earnings Performance - In the last reported quarter, PTC Inc. achieved earnings of $1.46 per share, exceeding the Zacks Consensus Estimate of $1.23 per share, resulting in a surprise of 18.70% [2]. - For the previous quarter, the company was expected to post earnings of $0.98 per share but delivered $1.11 per share, yielding a surprise of 13.27% [2]. - On average, PTC Inc. has surpassed earnings estimates by 15.98% over the last two quarters [7]. Earnings Estimates and Predictions - Recent estimates for PTC Inc. have been trending upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3]. - The current Earnings ESP for PTC Inc. stands at +1.47%, suggesting increased analyst optimism regarding its near-term earnings potential [9]. Zacks Rank and Success Rate - PTC Inc. holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, suggests a high probability of beating consensus estimates, with a success rate of nearly 70% for stocks with this combination [8][9]. Upcoming Earnings Report - The next earnings report for PTC Inc. is anticipated to be released on July 31, 2024 [9].