Advertisement
Singapore markets open in 4 hours 8 minutes

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,295.59
    -187.05 (-0.28%)
     

  • CMC Crypto 200

    1,426.35
    +11.59 (+0.82%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Gold

    2,336.50
    -9.90 (-0.42%)
     

  • Crude Oil

    83.35
    +1.45 (+1.77%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    -7,073.82 (-49.87%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

PTC Inc. (PTC) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

For the quarter ended March 2023, PTC Inc. (PTC) reported revenue of $542.18 million, up 7.3% over the same period last year. EPS came in at $1.16, compared to $1.39 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $538.4 million, representing a surprise of +0.70%. The company delivered an EPS surprise of +8.41%, with the consensus EPS estimate being $1.07.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how PTC Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • ARR by Product Group - Total: $1.88 billion versus the four-analyst average estimate of $1.83 billion.

  • Revenue- Recurring Revenue: $492.14 million compared to the $495.23 million average estimate based on four analysts. The reported number represents a change of +8.7% year over year.

  • Revenue- Professional Services: $41.12 million compared to the $41.03 million average estimate based on four analysts. The reported number represents a change of -4.3% year over year.

  • Revenue- Perpetual License: $8.92 million versus the four-analyst average estimate of $9.19 million. The reported number represents a year-over-year change of -6.5%.

View all Key Company Metrics for PTC Inc. here>>>

Shares of PTC Inc. have returned +0.8% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

PTC Inc. (PTC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research