Roper Industries Inc. (NYSE:ROP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Roper Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.91% to $1.31 in the quarter versus EPS of $1.15 in the year-earlier quarter.
Revenue: Rose 11.04% to $804.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Roper Industries Inc. reported adjusted EPS income of $1.31 per share. By that measure, the company beat the mean analyst estimate of $1.30. It missed the average revenue estimate of $806.67 million.
Quoting Management: “We are pleased with our second quarter results and see positive momentum in our businesses,” said Brian Jellison, Roper’s Chairman, President and CEO. “We delivered organic growth consistent with our expectations while securing significant orders for second half delivery, supporting our ability to achieve improving organic growth throughout the year. Backlog increased 17% to a record $1.03 billion. Our significant expansion in gross margin was broad-based, with increases in all four segments.”
Key Stats (on next page)…
Revenue increased 9.19% from $737.14 million in the previous quarter. EPS increased 3.15% from $1.27 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.48 to a profit $1.53. For the current year, the average estimate has moved up from a profit of $5.73 to a profit of $5.82 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)