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CommScope (COMM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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CommScope (COMM - Free Report) reported $1.17 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 41.6%. EPS of -$0.08 for the same period compares to $0.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +12.18%. The company delivered an EPS surprise of +65.22%, with the consensus EPS estimate being -$0.23.
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 CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- CCS (Connectivity and Cable Solutions): $604.70 million compared to the $505.45 million average estimate based on four analysts. The reported number represents a change of -26.5% year over year.
Net Sales- ANS (Access Network Solutions): $187.40 million versus $189.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -37.3% change.
Net Sales- NICS (Networking, Intelligent Cellular and Security Solutions): $180.30 million versus the four-analyst average estimate of $157.68 million. The reported number represents a year-over-year change of -36.6%.
Net Sales- OWN (Outdoor Wireless Networks): $196 million versus the four-analyst average estimate of $179.32 million. The reported number represents a year-over-year change of -24.2%.
Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): -$1.10 million versus $11.69 million estimated by two analysts on average.
Adjusted EBITDA- ANS (Access Network Solutions): $14.70 million versus the two-analyst average estimate of $21.94 million.
Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $95.10 million compared to the $55.79 million average estimate based on two analysts.
Adjusted EBITDA- OWN (Outdoor Wireless Networks): $44.30 million versus $25.88 million estimated by two analysts on average.
Shares of CommScope have returned -7.9% over the past month versus the Zacks S&P 500 composite's -0.3% 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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CommScope (COMM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
CommScope (COMM - Free Report) reported $1.17 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 41.6%. EPS of -$0.08 for the same period compares to $0.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +12.18%. The company delivered an EPS surprise of +65.22%, with the consensus EPS estimate being -$0.23.
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 CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- CCS (Connectivity and Cable Solutions): $604.70 million compared to the $505.45 million average estimate based on four analysts. The reported number represents a change of -26.5% year over year.
- Net Sales- ANS (Access Network Solutions): $187.40 million versus $189.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -37.3% change.
- Net Sales- NICS (Networking, Intelligent Cellular and Security Solutions): $180.30 million versus the four-analyst average estimate of $157.68 million. The reported number represents a year-over-year change of -36.6%.
- Net Sales- OWN (Outdoor Wireless Networks): $196 million versus the four-analyst average estimate of $179.32 million. The reported number represents a year-over-year change of -24.2%.
- Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): -$1.10 million versus $11.69 million estimated by two analysts on average.
- Adjusted EBITDA- ANS (Access Network Solutions): $14.70 million versus the two-analyst average estimate of $21.94 million.
- Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $95.10 million compared to the $55.79 million average estimate based on two analysts.
- Adjusted EBITDA- OWN (Outdoor Wireless Networks): $44.30 million versus $25.88 million estimated by two analysts on average.
View all Key Company Metrics for CommScope here>>>Shares of CommScope have returned -7.9% over the past month versus the Zacks S&P 500 composite's -0.3% 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.