Roper(US:ROP) ZACKS·2024-10-23 14:35Core Insights - Roper Technologies reported $1.76 billion in revenue for Q3 2024, a year-over-year increase of 12.9% and an EPS of $4.62 compared to $4.32 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Revenue Performance - Revenue from Network Software & Systems was $367.10 million, slightly below the average estimate of $370.74 million, with a year-over-year change of +0.8% [2] - Revenue from Technology Enabled Products reached $413.10 million, surpassing the average estimate of $408.15 million, reflecting a year-over-year increase of +4.3% [2] - Revenue from Application Software was $984.40 million, significantly above the average estimate of $943.55 million, showing a year-over-year growth of +22.5% [2] Operating Profit - Operating profit for Application Software was $259.80 million, exceeding the average estimate of $256.60 million [2] - Operating profit for Technology Enabled Products was $141.10 million, above the average estimate of $135.55 million [2] - Operating profit for Network Software & Systems was $166 million, slightly below the average estimate of $166.41 million [2] Stock Performance - Shares of Roper Technologies have remained unchanged over the past month, while the Zacks S&P 500 composite increased by +2.7%, with the stock currently holding a Zacks Rank 2 (Buy) [3]