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What Analyst Projections for Key Metrics Reveal About PTC Inc. (PTC) Q3 Earnings
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In its upcoming report, PTC Inc. (PTC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting a decline of 1% compared to the same period last year. Revenues are forecasted to be $533.04 million, representing a year-over-year decrease of 1.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain PTC Inc. metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Recurring Revenue' will reach $499.05 million. The estimate indicates a change of +0.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Professional Services' of $28.45 million. The estimate suggests a change of -20.3% year over year.
The average prediction of analysts places 'Revenue- Total Software (License+Support & cloud services)' at $504.65 million. The estimate points to a change of -0.4% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Perpetual License' will reach $5.60 million. The estimate points to a change of -32.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'ARR as reported' will likely reach $2.13 billion. The estimate is in contrast to the year-ago figure of $1.93 billion.
Shares of PTC Inc. have experienced a change of -2.1% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PTC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About PTC Inc. (PTC) Q3 Earnings
In its upcoming report, PTC Inc. (PTC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting a decline of 1% compared to the same period last year. Revenues are forecasted to be $533.04 million, representing a year-over-year decrease of 1.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain PTC Inc. metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Recurring Revenue' will reach $499.05 million. The estimate indicates a change of +0.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Professional Services' of $28.45 million. The estimate suggests a change of -20.3% year over year.
The average prediction of analysts places 'Revenue- Total Software (License+Support & cloud services)' at $504.65 million. The estimate points to a change of -0.4% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Perpetual License' will reach $5.60 million. The estimate points to a change of -32.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'ARR as reported' will likely reach $2.13 billion. The estimate is in contrast to the year-ago figure of $1.93 billion.
View all Key Company Metrics for PTC Inc. here>>>
Shares of PTC Inc. have experienced a change of -2.1% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PTC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>