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DexCom (DXCM) Reports Q3 Earnings: What Key Metrics Have to Say
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DexCom (DXCM - Free Report) reported $975 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 26.7%. EPS of $0.50 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $937.31 million, representing a surprise of +4.02%. The company delivered an EPS surprise of +47.06%, with the consensus EPS estimate being $0.34.
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 DexCom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- United States: $713.60 million versus the six-analyst average estimate of $681.21 million. The reported number represents a year-over-year change of +24.5%.
Revenue- International: $261.40 million versus $254.18 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +33.2% change.
Revenue- Hardware: $101.20 million compared to the $105.87 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.
Revenue- Sensor and other: $873.80 million compared to the $833.91 million average estimate based on two analysts. The reported number represents a change of +31.1% year over year.
Shares of DexCom have returned -8.4% 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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DexCom (DXCM) Reports Q3 Earnings: What Key Metrics Have to Say
DexCom (DXCM - Free Report) reported $975 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 26.7%. EPS of $0.50 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $937.31 million, representing a surprise of +4.02%. The company delivered an EPS surprise of +47.06%, with the consensus EPS estimate being $0.34.
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 DexCom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- United States: $713.60 million versus the six-analyst average estimate of $681.21 million. The reported number represents a year-over-year change of +24.5%.
- Revenue- International: $261.40 million versus $254.18 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +33.2% change.
- Revenue- Hardware: $101.20 million compared to the $105.87 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.
- Revenue- Sensor and other: $873.80 million compared to the $833.91 million average estimate based on two analysts. The reported number represents a change of +31.1% year over year.
View all Key Company Metrics for DexCom here>>>Shares of DexCom have returned -8.4% 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.