Roper Technologies Reports Solid Q4 Results But Shares Drop
<p><a href='https://financialmodelingprep.com/financial-summary/ROP'>Roper Technologies (NYSE:ROP)</a> reported its Q4 results, with EPS coming in at $3.92, better than the Street estimate of $3.77. Revenue was $1.43 billion, in line with expectations. Despite strong results, shares fell more than 4% since the earnings announcement on Friday.</p>
<p>According to the analysts at RBC Capital, the company reported a clean Q4/22 to close out the year, with the upside in Application Software driving a 5c/2% operating beat. Free cash flow conversion was a strong 161% but below its Q4 historical average of 197%, with some of the drag from the Frontline Education deal, where school system renewals and cash collections are primarily in Q3.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS in the range of $15.90-$16.20, compared to the Street estimate of $15.95. </p>

NYSE:ROP