Here's What Key Metrics Tell Us About Roper Technologies (ROP) Q2 Earnings

Core Insights - Roper Technologies reported revenue of $1.72 billion for the quarter ended June 2024, reflecting a year-over-year increase of 12.1$4.48, up from $4.12 in the previous year, indicating a positive growth trend [2] - The revenue surprise was -0.45$364.20 million, slightly below the average estimate of $369.25 million, with a year-over-year change of +1.7$420.80 million, also below the average estimate of $432.31 million, showing a year-over-year increase of +4.5$931.80 million, slightly above the average estimate of $929.15 million, with a significant year-over-year change of +21$251.10 million, exceeding the average estimate of $247.05 million [4] - Operating profit for Technology Enabled Products was$146.70 million, surpassing the average estimate of 144.15 million [4] - Operating profit for Network Software & Systems was 159.10 million, which was below the average estimate of $164.20 million [4] Stock Performance - Roper Technologies' shares have returned +2% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]