Software company Roper Technologies (Nasdaq: ROP) reported second-quarter adjusted earnings of $4.12 per share, up 20% year-over-year. Exceeded analyst expectations of $3.99 per share. in the meantime, Earnings Revenue of $1.53 billion increased 17% year-over-year and exceeded consensus expectations of $1.5 billion.
In addition, the company increased its full-year 2023 adjusted EPS outlook to $16.36-16.50 from its previous forecast of $16.10-16.30. Additionally, ROP is now expected to see revenue growth of 13%, beating his previous guidance of 12%.
should you consider investing in ROP stock?
TipRanks’ comprehensive dataset helps you assess whether Roper Technologies stock is worth buying. Over the past three months, 11 analysts have provided ratings for his ROP stock. Taken together, these ratings determine the consensus rating for Roper Technologies’ stock as ‘Buy Moderate’.
It is worth noting that Joseph C. Giordano He was the most successful analyst covering the ROP stock over the past year, with an average annual return of 19.85% for the ROP stock. Replicating Joseph C Giordano’s trades on ROP stocks and holding each position for his one year yields a profit on approximately 86.67% of trades. Recently, Joseph C Giordano gave the stock a Buy rating.
To further enhance your research on ROP stocks, you can also refer to TipRanks smart scores that predict future performance. Roper Technologies, with a smart score of 10, is likely to outperform the broader market. While it’s important to remember that past performance is no guarantee of future results, analyzing a stock’s recent price changes can provide valuable insight. Over the last 6 months, the price of ROP has increased by 12.26%. Compared to the same period last year, it increased by 22.28%.
And who knows more about running a company than the executives and owners? According to TipRanks insider According to trading signals, corporate insiders have sold -$249.69 thousand worth of ROP shares in the past three months. This information is valuable for stock research because insider buying can indicate potential positive stock price movements, while insider selling can indicate upcoming negative stock price movements.
About Roper Technologies
Roper Technologies, Inc. was founded in 1981 and is headquartered in Florida. The company is a diversified technology company that designs and develops software, engineering products and solutions worldwide. The company operates through various segments such as application software, network software and systems, measurement and analysis solutions, and process technology.