PTC’s Upcoming Q4 Results Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC Inc. (NASDAQ:PTC)</a> ahead of the upcoming Q4 earnings announcement, expecting essentially in-line results.</p>
<p>Given FX will be a headwind to reported results and guidance, the analysts lowered their estimates to better account for this headwind. While the near-term macro remains volatile, the analysts remain positive on Annual Recurring Revenue (ARR) and Free Cash Flow building blocks including the durability of the Core business and the upside potential of Velocity. </p>
<p>Regarding the fiscal 2023 guide, the analysts are slightly below the Street estimate, expecting ARR growth of 9% (vs. Street’s 11%), noting they would rather be on the conservative side given macro uncertainty.</p>

NASDAQ:PTC