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Revvity (RVTY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Revvity (RVTY - Free Report) reported revenue of $691.69 million, down 2.5% over the same period last year. EPS came in at $1.22, compared to $1.21 in the year-ago quarter.
The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $694.37 million. With the consensus EPS estimate being $1.13, the EPS surprise was +7.96%.
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 Revvity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Organic revenue growth - Life Sciences: -6% versus -4.4% estimated by three analysts on average.
Organic revenue growth - Total: -1% compared to the -1.4% average estimate based on three analysts.
Organic revenue growth - Diagnostics: 3% versus 1.1% estimated by three analysts on average.
Net Sales- Life Sciences: $313.85 million versus $321.25 million estimated by four analysts on average.
Net Sales- Diagnostics: $378.05 million versus $373.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
Shares of Revvity have returned +9.8% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Revvity (RVTY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Revvity (RVTY - Free Report) reported revenue of $691.69 million, down 2.5% over the same period last year. EPS came in at $1.22, compared to $1.21 in the year-ago quarter.
The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $694.37 million. With the consensus EPS estimate being $1.13, the EPS surprise was +7.96%.
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 Revvity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Organic revenue growth - Life Sciences: -6% versus -4.4% estimated by three analysts on average.
- Organic revenue growth - Total: -1% compared to the -1.4% average estimate based on three analysts.
- Organic revenue growth - Diagnostics: 3% versus 1.1% estimated by three analysts on average.
- Net Sales- Life Sciences: $313.85 million versus $321.25 million estimated by four analysts on average.
- Net Sales- Diagnostics: $378.05 million versus $373.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
View all Key Company Metrics for Revvity here>>>Shares of Revvity have returned +9.8% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.