Here's Why Roper Technologies (ROP) is a Strong Growth Stock

Zacks
2024-12-25

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

Roper Technologies (ROP)

Based in Sarasota, FL, Roper Technologies, Inc. designs, manufactures and distributes software and technology enabled products and solutions. It caters to selected segments of a broad range of markets, which include legal, healthcare, government, food, transportation, oil & gas, medical, and other niche industries.

ROP boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 9.5% year-over-year for 2024, while Wall Street anticipates its top line to improve by 13.2%.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.07 to $18.29 per share. ROP boasts an average earnings surprise of 1.2%.

Roper Technologies is also cash rich. The company has generated cash flow growth of 9.8%, and is expected to report cash flow expansion of 17.1% in 2024.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ROP should be on investors' short lists.

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