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Why Roper Technologies (ROP) Could Be Positioned for a Surge?

Roper Technologies, IncROP thatdesigns and develops license and software-as-a-service software, and engineered products and solutionscould be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ROP's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Roper Technologies could be a solid choice for investors.

Current Quarter Estimates for ROP

In the past 30 days, three estimates have gone higher for Roper Technologies while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.79 a share 30 days ago, to $1.99 today, a move of 11%.

Current Year Estimates for ROP

Meanwhile, Roper Technologies' current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $7.40 per share 30 days ago to $9.04 per share today, an increase of 22.2%.

Roper Technologies, Inc. Price and Consensus

Roper Technologies, Inc. Price and Consensus | Roper Technologies, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 11.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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