Roper(US:ROP) ZACKS·2024-07-24 13:05Core Insights - Roper Technologies reported quarterly earnings of $4.48 per share, exceeding the Zacks Consensus Estimate of $4.46 per share, and showing an increase from $4.12 per share a year ago [4] - The company generated revenues of $1.72 billion for the quarter, which was below the Zacks Consensus Estimate by 0.45%, but up from $1.53 billion year-over-year [5] - The current consensus EPS estimate for the upcoming quarter is $4.63, with expected revenues of $1.74 billion, and for the current fiscal year, the estimate is $18.17 on revenues of $6.92 billion [7] Company Performance - Roper Technologies has surpassed consensus EPS estimates in four of the last four quarters [8] - The stock has underperformed the market this year, gaining about 5.3% compared to the S&P 500's 16.5% increase [9] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [11] Industry Context - Roper Technologies operates within the Computers - IT Services industry, which is currently ranked in the top 42% of over 250 Zacks industries [12] - The industry has shown a strong correlation between earnings estimate revisions and stock movements, suggesting that trends in earnings estimates can impact stock performance [6][10]