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Agilent (A) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended April 2024, Agilent Technologies (A - Free Report) reported revenue of $1.57 billion, down 8.4% over the same period last year. EPS came in at $1.22, compared to $1.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of -0.46%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $1.19.
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 Agilent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue by End Markets- Pharmaceutical: $542 million versus $569.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.
Revenue by End Markets- Academia and Government: $139 million compared to the $149.56 million average estimate based on two analysts. The reported number represents a change of -12.6% year over year.
Revenue by End Markets- Diagnostics and Clinical: $239 million versus $236.72 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.4% change.
Revenue by End Markets- Chemical and advanced materials: $362 million versus the two-analyst average estimate of $341.50 million. The reported number represents a year-over-year change of -4.2%.
Net Revenue- Agilent Crosslab Group: $402 million compared to the $396.15 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.
Revenue by End Markets- Environmental and Forensics: $152 million compared to the $151.91 million average estimate based on two analysts. The reported number represents a change of -3.2% year over year.
Net Revenue- Life Sciences and Applied Markets Group: $754 million versus the two-analyst average estimate of $749.78 million. The reported number represents a year-over-year change of -22.1%.
Net Revenue- Diagnostics and Genomics Group: $417 million compared to the $433.43 million average estimate based on two analysts. The reported number represents a change of +15.2% year over year.
Revenue by End Markets- Food: $139 million compared to the $146.20 million average estimate based on two analysts. The reported number represents a change of -13.7% year over year.
Shares of Agilent have returned +8.2% over the past month versus the Zacks S&P 500 composite's +4.3% 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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Agilent (A) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended April 2024, Agilent Technologies (A - Free Report) reported revenue of $1.57 billion, down 8.4% over the same period last year. EPS came in at $1.22, compared to $1.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of -0.46%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $1.19.
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 Agilent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue by End Markets- Pharmaceutical: $542 million versus $569.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.
- Revenue by End Markets- Academia and Government: $139 million compared to the $149.56 million average estimate based on two analysts. The reported number represents a change of -12.6% year over year.
- Revenue by End Markets- Diagnostics and Clinical: $239 million versus $236.72 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.4% change.
- Revenue by End Markets- Chemical and advanced materials: $362 million versus the two-analyst average estimate of $341.50 million. The reported number represents a year-over-year change of -4.2%.
- Net Revenue- Agilent Crosslab Group: $402 million compared to the $396.15 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.
- Revenue by End Markets- Environmental and Forensics: $152 million compared to the $151.91 million average estimate based on two analysts. The reported number represents a change of -3.2% year over year.
- Net Revenue- Life Sciences and Applied Markets Group: $754 million versus the two-analyst average estimate of $749.78 million. The reported number represents a year-over-year change of -22.1%.
- Net Revenue- Diagnostics and Genomics Group: $417 million compared to the $433.43 million average estimate based on two analysts. The reported number represents a change of +15.2% year over year.
- Revenue by End Markets- Food: $139 million compared to the $146.20 million average estimate based on two analysts. The reported number represents a change of -13.7% year over year.
View all Key Company Metrics for Agilent here>>>Shares of Agilent have returned +8.2% over the past month versus the Zacks S&P 500 composite's +4.3% 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.