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Compared to Estimates, Integra (IART) Q2 Earnings: A Look at Key Metrics
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Integra LifeSciences (IART - Free Report) reported $418.18 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.7%. EPS of $0.63 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $412.3 million, representing a surprise of +1.43%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $0.62.
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 Integra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Organic Revenue Growth: 2.3% compared to the 1.8% average estimate based on four analysts.
Revenue- Codman Specialty Surgical- Total: $301.76 million compared to the $291.03 million average estimate based on five analysts. The reported number represents a change of +11.3% year over year.
Revenue- Tissue Technologies- Total: $116.41 million compared to the $111.31 million average estimate based on five analysts. The reported number represents a change of +5.6% year over year.
Revenue- Tissue Technologies- Private Label: $28.72 million versus the three-analyst average estimate of $20.37 million. The reported number represents a year-over-year change of +50.2%.
Revenue- Codman Specialty Surgical- Neurosurgery: $205.50 million versus the three-analyst average estimate of $213.50 million. The reported number represents a year-over-year change of -0.2%.
Revenue- Tissue Technologies- Wound Reconstruction and Care: $87.70 million compared to the $88.09 million average estimate based on three analysts. The reported number represents a change of -3.8% year over year.
Revenue- Codman Specialty Surgical- Instruments: $54.54 million versus the two-analyst average estimate of $66.37 million. The reported number represents a year-over-year change of -16.4%.
Shares of Integra have returned +7.9% over the past month versus the Zacks S&P 500 composite's -0.2% 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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Compared to Estimates, Integra (IART) Q2 Earnings: A Look at Key Metrics
Integra LifeSciences (IART - Free Report) reported $418.18 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.7%. EPS of $0.63 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $412.3 million, representing a surprise of +1.43%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $0.62.
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 Integra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Organic Revenue Growth: 2.3% compared to the 1.8% average estimate based on four analysts.
- Revenue- Codman Specialty Surgical- Total: $301.76 million compared to the $291.03 million average estimate based on five analysts. The reported number represents a change of +11.3% year over year.
- Revenue- Tissue Technologies- Total: $116.41 million compared to the $111.31 million average estimate based on five analysts. The reported number represents a change of +5.6% year over year.
- Revenue- Tissue Technologies- Private Label: $28.72 million versus the three-analyst average estimate of $20.37 million. The reported number represents a year-over-year change of +50.2%.
- Revenue- Codman Specialty Surgical- Neurosurgery: $205.50 million versus the three-analyst average estimate of $213.50 million. The reported number represents a year-over-year change of -0.2%.
- Revenue- Tissue Technologies- Wound Reconstruction and Care: $87.70 million compared to the $88.09 million average estimate based on three analysts. The reported number represents a change of -3.8% year over year.
- Revenue- Codman Specialty Surgical- Instruments: $54.54 million versus the two-analyst average estimate of $66.37 million. The reported number represents a year-over-year change of -16.4%.
View all Key Company Metrics for Integra here>>>Shares of Integra have returned +7.9% over the past month versus the Zacks S&P 500 composite's -0.2% 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.