PTC Inc. (NASDAQ:PTC) is set to announce fourth quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PTC to report 4Q20 income of $ 0.55 per share.
For the full year, analysts anticipate top line of $ 1423.95 million, while looking forward to income of $ 2.34 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,415.00 million ~ $ 1,430.00 million, where as bottomline are predicted in a range of $ 2.28 ~ $ 2.35 per share
Click Here For More Historical Outlooks Of PTC Inc.
Previous Quarter Performance
PTC Inc. revealed income for the third quarter of $ 0.62 per share, from the revenue of $ 351.72 million. Wall street analysts are predicting, PTC to report 3Q20 income of $ 0.45 per share from revenue of $ 334.08 million. The bottom line results beat street analysts by $ 0.17 or 37.78 percent, at the same time, top line results outshined analysts by $ 17.64 million or 5.28 percent.
Stock Performance
Shares of PTC Inc. traded up $ 0.59 or 0.71 percent on Tuesday, reaching $ 84.26 with volume of 604.40 thousand shares. PTC Inc. has traded high as $ 85.99 and has cracked $ 83.72 on the downward trend
According to the previous trading day, closing price of $ 84.26, representing a 90.59 % increase from the 52 week low of $ 43.90 and a 14.33 % decrease over the 52 week high of $ 97.67.
The company has a market capital of $ 9.78 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by Loop Capital at Buy rating, with $ 110.00 target price.
Conference Call
PTC Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ptc.com
PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services.
