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Compared to Estimates, DexCom (DXCM) Q2 Earnings: A Look at Key Metrics
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DexCom (DXCM - Free Report) reported $871.3 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 25.2%. EPS of $0.34 for the same period compares to $0.17 a year ago.
The reported revenue represents a surprise of +4.10% over the Zacks Consensus Estimate of $837 million. With the consensus EPS estimate being $0.22, the EPS surprise was +54.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DexCom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- United States: $616.60 million versus $609.26 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
Revenue- International: $254.70 million compared to the $227.63 million average estimate based on six analysts. The reported number represents a change of +37.5% year over year.
Revenue- Hardware: $93.30 million versus the two-analyst average estimate of $104.27 million. The reported number represents a year-over-year change of -5.3%.
Revenue- Sensor and other: $778 million compared to the $730.62 million average estimate based on two analysts. The reported number represents a change of +30.2% year over year.
Shares of DexCom have returned +3.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, DexCom (DXCM) Q2 Earnings: A Look at Key Metrics
DexCom (DXCM - Free Report) reported $871.3 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 25.2%. EPS of $0.34 for the same period compares to $0.17 a year ago.
The reported revenue represents a surprise of +4.10% over the Zacks Consensus Estimate of $837 million. With the consensus EPS estimate being $0.22, the EPS surprise was +54.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DexCom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- United States: $616.60 million versus $609.26 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
- Revenue- International: $254.70 million compared to the $227.63 million average estimate based on six analysts. The reported number represents a change of +37.5% year over year.
- Revenue- Hardware: $93.30 million versus the two-analyst average estimate of $104.27 million. The reported number represents a year-over-year change of -5.3%.
- Revenue- Sensor and other: $778 million compared to the $730.62 million average estimate based on two analysts. The reported number represents a change of +30.2% year over year.
View all Key Company Metrics for DexCom here>>>Shares of DexCom have returned +3.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.