Overview
- Roper posted adjusted EPS of $5.16 and revenue of $2.095 billion, topping forecasts of $4.98 and $2.072 billion.
- The shares ticked up about 0.5% to $366.57 in midday trading, showing a modest lift after the report.
- Short-term signals turned brighter as the 20-day average moved above the 50-day and MACD flipped positive.
- The longer trend stays weak with the stock 4.8% below its 100-day average, 17.8% below its 200-day, and down 33% over 12 months.
- Analysts rate the stock Hold with a $460.58 average target, and the next test comes with the estimated July 20 earnings, where Street models $5.29 EPS on $2.10 billion sales.