PTC Inc reports results for the quarter ended June 30 - Earnings Summary

• PTC Inc PTC.OQ reported quarterly adjusted earnings of $1.64​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.21 per share. Wall Street expected results to range from $1.12 to $1.30 per share.

• Revenue rose 24.2% to $643.94 million from a year ago; analysts expected $582.92 million.

• PTC Inc's reported EPS for the quarter was $1.17​.

• The company reported quarterly net income of $141.33 million.

• PTC Inc shares had risen by 18.5% this quarter and gained 11.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for PTC Inc is $200.00, about 2.1% below its last closing price of $204.19

This summary was machine generated from LSEG data July 30 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)