PTC Sees Q2 EPS $1.10-$1.30 Vs $1.21 Est.; Revenue $560M-$590M Vs $584.42M Est.
Portfolio Pulse from Benzinga Newsdesk
PTC provided its Q2 earnings forecast with EPS ranging from $1.10 to $1.30, compared to the $1.21 estimate, and revenue projections between $560M to $590M, against the $584.42M estimate. The company highlighted year-over-year growth in key financial metrics including a 11% increase in ARR, 19% increase in both operating and free cash flow, and significant improvements in operating and non-GAAP operating margins. However, total cash and equivalents saw a 22% decrease, while gross debt decreased by 21%.
May 01, 2024 | 8:03 pm
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PTC anticipates Q2 EPS of $1.10-$1.30, surpassing the $1.21 estimate, and revenue between $560M-$590M, slightly below the $584.42M estimate. The company reports significant year-over-year growth in ARR, operating cash flow, and margins, despite a decrease in total cash and gross debt.
The positive forecast for EPS suggests a strong financial performance, likely to positively impact investor sentiment and PTC's stock price in the short term. The growth in ARR, operating cash flow, and improved margins further reinforce the company's financial health, outweighing the potential concerns over the slight decrease in total cash and gross debt reduction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100