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Boston, Massachusetts-based PTC Inc. (PTC) provides software solutions and services globally that aid manufacturing companies in designing, operating, and managing products. With a market cap of $21.5 billion, PTC’s operations span the Americas, Europe, and the Indo-Pacific.
The tech major is expected to release its third-quarter results on Wednesday, Jul. 30. Ahead of the event, analysts expect PTC to deliver an EPS of $0.92, up a massive 39.4% from $0.66 reported in the year-ago quarter. Moreover, the company has surpassed the Street’s bottom-line estimates in each of the past four quarters.
For the full fiscal 2025, analysts expect PTC to deliver an EPS of $4.72, up 28.6% from $3.67 reported in fiscal 2024. While in fiscal 2026, its earnings are expected to further surge 15.9% year-over-year to $5.47 per share.
PTC stock has soared 18.6% over the past 52 weeks, notably outpacing the Technology Select Sector SPDR Fund’s (XLK) 10.1% gains and the S&P 500 Index’s ($SPX) 12.3% returns during the same time frame.
PTC stock prices observed marginal gains after the release of its better-than-expected Q2 results on Apr. 30. The company delivered a solid 5.5% year-over-year growth in revenues to $636 million, beating the Street expectations by 4.6%. Furthermore, its non-GAAP EPS for the quarter surged 22.6% year-over-year to $1.79. On an even more positive note, observing the solid growth in Q2, the company raised its full-year EPS guidance, which boosted investor confidence.
Furthermore, PTC stock soared more than 17% in yesterday’s trading session, after Bloomberg reported Autodesk Inc. (ADSK) is eyeing the takeover of PTC.
The stock holds a consensus “Moderate Buy” rating overall. Of the 18 analysts covering the PTC stock, opinions include 12 “Strong Buys,” one “Moderate Buy,” and five “Holds.” As of writing, the stock is trading notably above its mean price target of $188.89.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
