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ASGN Inc (ASGN) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, ASGN Inc (ASGN - Free Report) reported revenue of $1.03 billion, down 8.5% over the same period last year. EPS came in at $1.36, compared to $1.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of -1.17%. The company delivered an EPS surprise of +2.26%, with the consensus EPS estimate being $1.33.
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 ASGN Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Federal Government: $309 million versus $320.80 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
Revenues- Commercial: $725.70 million versus $726.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.6% change.
Revenues- Commercial- Consulting: $281.50 million compared to the $284.36 million average estimate based on two analysts. The reported number represents a change of +0.1% year over year.
Revenues- Commercial- Assignment: $444.20 million versus the two-analyst average estimate of $440.60 million. The reported number represents a year-over-year change of -16.2%.
Shares of ASGN Inc have returned +19.4% over the past month versus the Zacks S&P 500 composite's +1.8% 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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ASGN Inc (ASGN) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, ASGN Inc (ASGN - Free Report) reported revenue of $1.03 billion, down 8.5% over the same period last year. EPS came in at $1.36, compared to $1.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of -1.17%. The company delivered an EPS surprise of +2.26%, with the consensus EPS estimate being $1.33.
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 ASGN Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Federal Government: $309 million versus $320.80 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
- Revenues- Commercial: $725.70 million versus $726.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.6% change.
- Revenues- Commercial- Consulting: $281.50 million compared to the $284.36 million average estimate based on two analysts. The reported number represents a change of +0.1% year over year.
- Revenues- Commercial- Assignment: $444.20 million versus the two-analyst average estimate of $440.60 million. The reported number represents a year-over-year change of -16.2%.
View all Key Company Metrics for ASGN Inc here>>>Shares of ASGN Inc have returned +19.4% over the past month versus the Zacks S&P 500 composite's +1.8% 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.