Coherent (COHR Quick QuoteCOHR - Free Report) reported $1.05 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 21.7%. EPS of $0.16 for the same period compares to $1.04 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of +0.13%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.12.

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.

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 Coherent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenues- Networking: $472.90 million compared to the $491.17 million average estimate based on three analysts.
• Revenues- Lasers: $335.60 million versus the three-analyst average estimate of $292.03 million.
• Revenues- Materials: $244.60 million versus $276.67 million estimated by three analysts on average.

View all Key Company Metrics for Coherent here>>>

Shares of Coherent have returned +5.3% over the past month versus the Zacks S&P 500 composite's +3.1% 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.