Roper Sees Q3 Adj. EPS $4.50-$4.54 vs $4.63 Est., Sees FY24 Adj. EPS $18.10-$18.25 vs $18.19 Est. (Prior Range $18.05-$18.25)
Portfolio Pulse from Benzinga Newsdesk
Roper Technologies has provided its Q3 adjusted EPS guidance of $4.50-$4.54, which is below the estimated $4.63. For FY24, the company expects adjusted EPS to be in the range of $18.10-$18.25, compared to the estimated $18.19 and the prior range of $18.05-$18.25.
July 24, 2024 | 10:57 am
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Roper Technologies has revised its Q3 adjusted EPS guidance to $4.50-$4.54, which is below the market estimate of $4.63. The FY24 adjusted EPS guidance is in line with estimates at $18.10-$18.25.
The revised Q3 EPS guidance is below market expectations, which is likely to negatively impact the stock price in the short term. However, the FY24 guidance is in line with estimates, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100