Roper Technologies Expects FY24 Revenue Growth of 11%–12% YoY Vs $6.69B Est, Adj EPS of $17.85-$18.15 Vs $18.33 Est; Q1 Adj EPS of $4.30-$4.34 Vs $4.32 Est
Portfolio Pulse from Benzinga Newsdesk
Roper Technologies forecasts FY24 revenue growth of 11-12% year-over-year, which is in line with estimates of $6.69 billion. The company also projects adjusted EPS for FY24 to be between $17.85 and $18.15, slightly below the estimated $18.33. For Q1, the adjusted EPS is expected to be $4.30-$4.34, closely matching the $4.32 estimate. Additionally, Roper anticipates organic revenue growth of 5-6% for the full year.
January 31, 2024 | 12:01 pm
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Roper Technologies expects FY24 revenue growth of 11-12% and adjusted EPS of $17.85-$18.15, which is below the $18.33 estimate. Q1 adjusted EPS is projected to be $4.30-$4.34, aligning with the $4.32 estimate.
The projected revenue growth is positive and aligns with expectations, which could be seen as a neutral to slightly positive signal for investors. However, the adjusted EPS being slightly below estimates might temper any potential stock price increase, leading to a neutral score. The high relevance is due to the direct mention of Roper Technologies' financial forecasts, and the importance is significant as earnings projections are crucial for investor decision-making. The confidence level is high due to the clear guidance provided by the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100