During their financial announcement for the final quarter, Roper Technologies, Inc. (ROP) revealed their predicted earnings and adjusted income from ongoing operations, in addition to revenue growth forecasts for the entirety of 2024. The company also gave an insight for the first quarter's outlook.
For the 2024 fiscal year, Roper Technologies is anticipating earnings between $12.77 and $13.07 per share, and adjusted earnings between $17.85 and $18.15 per share. Total revenue growth is projected to be between 11 to 12 percent, with organic revenue growth between 5 to 6 percent.
On average, 15 analysts surveyed by Thomson Reuters predict the company will report earnings of $18.33 per share on a revenue growth of 8.9 percent, leading to $6.69 billion for the year. These estimates typically do not account for unusual items.
For the first quarter, the projected earnings are between $3.01 and $3.05 per share, while the adjusted earnings are expected within the bracket of $4.30 to $4.34 per share. The market is forecasting earnings of $4.32 per share for the quarter.
During the fourth quarter, the company's net income from continuing operations was $377.5 million or $3.50 per share. This is a significant increase from the same period last year with $247.3 million or $2.32 per share. When special items are excluded, the adjusted income from continuing operations rose to $4.37 per share compared to $3.92 per share in the quarter of the previous year.
The company recorded a 13 percent quarter revenue increase, from $1.43 billion last year to $1.61 billion this year. Furthermore, organic revenue observed an 8 percent rise.
Analysts are expecting earnings of $4.34 per share on quarterly revenues of $1.58 billion.
