PTC Inc. (PTC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - PTC Inc. reported revenue of $565.13 million for the quarter ended December 2024, reflecting a year-over-year increase of 2.7% [1] - The company's EPS was $1.10, slightly down from $1.11 in the same quarter last year, but exceeded the consensus estimate of $0.91 by 20.88% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $551.92 million, resulting in a surprise of 2.39% [1] Financial Performance Metrics - Annual Recurring Revenue (ARR) was reported at $2.21 billion, below the three-analyst average estimate of $2.28 billion [4] - Recurring Revenue reached $524.31 million, exceeding the four-analyst average estimate of $515.94 million, with a year-over-year increase of 3.6% [4] - Professional Services revenue was $31.41 million, slightly above the four-analyst average estimate of $31.14 million, but showed a year-over-year decline of 12.1% [4] - Perpetual License revenue was reported at $9.41 million, significantly above the four-analyst average estimate of $6.76 million, marking an 11.4% year-over-year increase [4] Stock Performance - PTC Inc. shares have returned 4.4% over the past month, outperforming the Zacks S&P 500 composite's 1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]