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PTC Inc. (NASDAQ:PTC ) Q3 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants Matt Shimao - Head, IR Jim Heppelmann - CEO Kristian Talvitie - CFO Neil Barua - CEO Elect Conference Call Participants Jason Celino - KeyBanc Capital Markets Matt Hedberg - RBC Capital Markets Steve Tusa - JPMorgan Matthew Broome - Mizuho Securities Adam Borg - Stifel Jay Vleeschhouwer - Griffin Securities Joshua Tilton - Wolfe Research Ken Wong - Oppenheimer Daniel Jester - BMO Capital Markets Saket Kalia - Barclays Andrew Obin - Bank of America Nay Soe Naing - Berenberg Operator Good afternoon ladies and gentlemen. Thank you for standing by and welcome to PTC's 2023 Third Quarter Conference Call.
Although the revenue and EPS for PTC Inc. (PTC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PTC Inc. (PTC) came out with quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.97 per share a year ago.
ChargePoint still has many competitive advantages that shouldn't be overlooked. QuantumScape is a leading contender in the race to manufacture solid-state batteries.
The trend toward digitalization in manufacturing is strong and is only in its infancy. This company's cash flow and recurring revenue are growing strongly and its valuation is compelling.
PTC Inc. has delivered beneficial revenue growth and FCF expectations. Successful application of digital solutions and further client advisory in the transformation of management processes could bring substantial FCF growth in the coming years. It is also worth noting that it has seen, since 2022, an impressive increase in growth at a larger pace than many of its peers.
PTC Inc. (PTC) reported earnings 30 days ago. What's next for the stock?
PTC's second-quarter fiscal 2023 performance benefits from steady demand for its PLM and CAD business.
While the top- and bottom-line numbers for PTC Inc. (PTC) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PTC Inc. (PTC) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.39 per share a year ago.