Tyler Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Tyler Technologies Inc TYL reported quarterly adjusted earnings of $2.91​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.40. The mean expectation of nineteen analysts for the quarter was for earnings of $2.77 per share. Wall Street expected results to range from $2.63 to $2.88 per share.

• Revenue rose 10.2% to $596.12 million from a year ago; analysts expected $587.92 million.

• Tyler Technologies Inc's reported EPS for the quarter was $1.93​.

• The company reported quarterly net income of $84.63 million.

• Tyler Technologies Inc shares had fallen by 6.8% this quarter and lost 4.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Tyler Technologies Inc is $675.00, about 17.8% above its last closing price of $554.67

This summary was machine generated from LSEG data July 31 at 12:05 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)