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Compared to Estimates, A.O. Smith (AOS) Q3 Earnings: A Look at Key Metrics
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A.O. Smith (AOS - Free Report) reported $937.5 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.2%. EPS of $0.90 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $906.82 million, representing a surprise of +3.38%. The company delivered an EPS surprise of +13.92%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how A.O. Smith performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $709.90 million versus the seven-analyst average estimate of $678.97 million. The reported number represents a year-over-year change of +8.7%.
Geographic Revenue- Inter-segment sales: -$5.80 million versus -$7.19 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -34.8% change.
Geographic Revenue- Rest of World: $233.40 million versus $235.73 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
Segment Operating Earnings (GAAP)- Corporate expense: -$14.40 million versus the six-analyst average estimate of -$12.62 million.
Shares of A.O. Smith have returned -0.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, A.O. Smith (AOS) Q3 Earnings: A Look at Key Metrics
A.O. Smith (AOS - Free Report) reported $937.5 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.2%. EPS of $0.90 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $906.82 million, representing a surprise of +3.38%. The company delivered an EPS surprise of +13.92%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how A.O. Smith performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- North America: $709.90 million versus the seven-analyst average estimate of $678.97 million. The reported number represents a year-over-year change of +8.7%.
- Geographic Revenue- Inter-segment sales: -$5.80 million versus -$7.19 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -34.8% change.
- Geographic Revenue- Rest of World: $233.40 million versus $235.73 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
- Segment Operating Earnings (GAAP)- Corporate expense: -$14.40 million versus the six-analyst average estimate of -$12.62 million.
View all Key Company Metrics for A.O. Smith here>>>Shares of A.O. Smith have returned -0.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.