Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1460.9%
Neutral626.1%
Bearish313.0%
Roper Technologies, Inc. · ROP · FY2024 Q3 · Calendar Q4 2024
Roper raises outlook as software bookings and cash flow strengthen
The quarter supports a constructive operating case for Roper: software bookings, cash generation, acquisitions, and product investment were progressing together. The main test is whether booking momentum and integration execution can offset freight, margin, and macro risks.
Reported Before market openNASDAQTechnology
$37.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.62
Consensus $4.53
EPS surprise
+2.0%
Reported versus consensus
Reported revenue
$1.76B
Consensus $1.72B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.7%
Event window
SPY move
-0.9%
Same window
Abnormal move
-0.7%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
+1.2%
Up to 20 sessions
ROPSPY benchmark
Ask FN2 about ROP FY2024 Q3
Transcript, numbers and history already loaded
Why did ROP fall 1.7% after beating EPS estimates in FY2024 Q3?What changed in ROP's guidance and outlook in FY2024 Q3?Give me the bull and bear case for ROP after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Roper reported stronger Q3 momentum, completed the Transact Campus acquisition and CBORD combination, reported record free cash flow, and raised full-year revenue and DEPS guidance to the high end of the prior range.
Guidance delta
Management raised full-year revenue and DEPS guidance to the high end of the prior range.
Key takeaways
- Q3 total revenue grew 13% year over year, with 4% organic growth.
- Record free cash flow of $719 million supported the balance sheet and capital deployment.
- Transact Campus was combined with CBORD, while management highlighted GenAI investment and an active bolt-on acquisition pipeline.
Management priorities
- Integrate Transact Campus with CBORD and execute the planned $20 million cost-synergy program.
- Continue GenAI investment across software platforms and pursue bolt-on acquisitions.
- Maintain disciplined capital deployment while addressing freight, Neptune, and other segment-specific execution issues.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$383.5Current
$355Low
$513.54Average
$665High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 18, 2026 |
| Argus Research | Buy | Hold | Upgrade | Aug 6, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Jul 29, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Barclays | Underweight | Underweight | Maintain | Apr 24, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jan 29, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jan 28, 2026 |
| Stifel | Hold | Buy | Downgrade | Jan 28, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 28, 2026 |
| Mizuho | Underperform | Underperform | Maintain | Jan 28, 2026 |
| Citigroup | Buy | Buy | Maintain | Jan 28, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 5, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 24, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 24, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jun 13, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Jan 22, 2024 |
| Bernstein | Outperform | Market Perform | Upgrade | May 2, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jul 26, 2022 |
| Stephens & Co. | Overweight | Overweight | Maintain | Apr 30, 2019 |
| Argus | Buy | Buy | Maintain | Aug 2, 2018 |
| Canaccord Genuity | Hold | Hold | Maintain | Feb 5, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 2, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $383.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Argus Research | Analyst unavailable | $450 | $394.53 | +17.3% | Aug 6, 2026 |
| RBC Capital | Deane Dray | $417 | $370.27 | +8.7% | Jul 24, 2026 |
| Robert W. Baird | Analyst unavailable | $480 | $355.12 | +25.2% | Jul 24, 2026 |
| Piper Sandler | Clarke Jeffries | $526 | $355.12 | +37.2% | Jul 24, 2026 |
| Mizuho Securities | Analyst unavailable | $355 | $362.84 | -7.4% | Jul 21, 2026 |
| BMO Capital | Daniel Jester | $393 | $355.94 | +2.5% | Jul 10, 2026 |
| RBC Capital | Analyst unavailable | $407 | $363.76 | +6.1% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $470 | $363.76 | +22.6% | Apr 24, 2026 |
| Piper Sandler | Analyst unavailable | $540 | $363.76 | +40.8% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $373 | $363.76 | -2.7% | Apr 24, 2026 |
| Goldman Sachs | Analyst unavailable | $440 | $360.37 | +14.7% | Jan 29, 2026 |
| RBC Capital | Analyst unavailable | $398 | $360.66 | +3.8% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $365 | $360.98 | -4.8% | Jan 28, 2026 |
| Robert W. Baird | Analyst unavailable | $550 | $358.34 | +43.4% | Jan 28, 2026 |
| Jefferies | Analyst unavailable | $500 | $369.27 | +30.4% | Jan 28, 2026 |
| Barclays | Analyst unavailable | $409 | $369.27 | +6.6% | Jan 28, 2026 |
| Stifel Nicolaus | Analyst unavailable | $385 | $369.27 | +0.4% | Jan 27, 2026 |
| Truist Financial | Terry Tillman | $550 | $369.27 | +43.4% | Jan 27, 2026 |
| Melius Research | Scott Davis | $479 | $355.89 | +24.9% | Jan 27, 2026 |
| Oppenheimer | Analyst unavailable | $525 | $407.48 | +36.9% | Jan 23, 2026 |
| Piper Sandler | Clarke Jeffries | $530 | $432.39 | +38.2% | Jan 13, 2026 |
| Jefferies | Analyst unavailable | $600 | $430.77 | +56.5% | Jan 5, 2026 |
| Mizuho Securities | Analyst unavailable | $419 | $434.54 | +9.3% | Jan 5, 2026 |
| Barclays | Analyst unavailable | $475 | $445.89 | +23.9% | Dec 4, 2025 |
| Piper Sandler | Clarke Jeffries | $600 | $444.78 | +56.5% | Nov 19, 2025 |
| Barclays | Analyst unavailable | $506 | $470.18 | +31.9% | Oct 27, 2025 |
| RBC Capital | Analyst unavailable | $539 | $478.8 | +40.5% | Oct 27, 2025 |
| Truist Financial | Analyst unavailable | $650 | $479.85 | +69.5% | Oct 24, 2025 |
| Stifel Nicolaus | Analyst unavailable | $550 | $479.96 | +43.4% | Oct 24, 2025 |
| RBC Capital | Deane Dray | $644 | $479.96 | +67.9% | Oct 24, 2025 |
| Robert W. Baird | Analyst unavailable | $592 | $479.96 | +54.4% | Oct 24, 2025 |
| Raymond James | Brian Gesuale | $575 | $479.51 | +49.9% | Oct 24, 2025 |
| Jefferies | Analyst unavailable | $650 | $479.96 | +69.5% | Oct 23, 2025 |
| Oppenheimer | Ken Wong | $570 | $479.96 | +48.6% | Oct 23, 2025 |
| Mizuho Securities | Brett Linzey | $510 | $500.08 | +33.0% | Oct 17, 2025 |
| Barclays | Julian Mitchell | $550 | $498.69 | +43.4% | Oct 1, 2025 |
| Mizuho Securities | Brett Linzey | $600 | $582.88 | +56.5% | May 16, 2025 |
| Oppenheimer | Christopher Glynn | $640 | $557.7 | +66.9% | Apr 28, 2025 |
| Stifel Nicolaus | Analyst unavailable | $685 | $582.71 | +78.6% | Mar 26, 2025 |
| Robert W. Baird | Joe Vruwink | $665 | $575.65 | +73.4% | Jan 31, 2025 |
| Truist Financial | Terry Tillman | $665 | $542.94 | +73.4% | Oct 24, 2024 |
| Robert W. Baird | Richard Eastman | $652 | $542.94 | +70.0% | Oct 24, 2024 |
| RBC Capital | Deane Dray | $666 | $542.94 | +73.7% | Oct 24, 2024 |
| Robert W. Baird | Joe Vruwink | $635 | $531.97 | +65.6% | Jul 25, 2024 |
| Barclays | Julian Mitchell | $625 | $550.47 | +63.0% | Jul 10, 2024 |
| Argus Research | John Eade | $575 | $511.46 | +49.9% | Apr 30, 2024 |
| Wolfe Research | Brad Hewitt | $625 | $543.01 | +63.0% | Apr 8, 2024 |
| Oppenheimer | Christopher Glynn | $650 | $556.38 | +69.5% | Mar 22, 2024 |
| Goldman Sachs | Analyst unavailable | $468 | $429.25 | +22.0% | Dec 15, 2022 |
| RBC Capital | Analyst unavailable | $565 | $472.01 | +47.3% | Apr 27, 2022 |
| Cowen & Co. | Joseph C Giordano | $520 | $487.88 | +35.6% | Jul 26, 2021 |
| Oppenheimer | Christopher Glynn | $560 | $494.71 | +46.0% | Jul 23, 2021 |
Track every rating change on ROP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRoper Technologies, Inc., established in 1981 and based in Sarasota, Florida (formerly known as Roper Industries, Inc. until 2015), operates as a diversified technology company. It specializes in developing and delivering advanced software solutions alongside highly engineered products for a wide range of industries. Its extensive software portfolio includes enterprise and financial management systems, cloud-based analytics for sectors like insurance and healthcare, campus and supply chain management tools, and specialized applications for areas such as foodservice, visual effects, and data collaboration. Complementing this, Roper designs and manufactures a diverse array of engineered products, encompassing precision testing instruments for materials like rubber and plastic, medical devices (such as ultrasound accessories), flow and control components (including valves, pumps, and meters), automated dispensing and monitoring equipment (like leak detection and vibration monitoring systems), and various sensors for industrial and utility applications.
Historical context
All ROP earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WIT Wipro Limited | FY2027 Q2 · Calendar Q4 2026 | -25.0% | +3.9% | Wipro: AI pipeline expands as Q3 guidance stays narrow |
| TSM Taiwan Semiconductor Manufacturing Company Limited | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -1.8% | TSMC beats Q3 guidance as AI demand drives fab expansion |
| ERIC Telefonaktiebolaget LM Ericsson (publ) | FY2026 Q3 · Calendar Q4 2026 | +28.6% | +11.8% | Ericsson Q3: 7% organic growth, resilient margins and AI-led demand |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-20T00:20:43.726637+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T00:20:43.723829+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.