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Compared to Estimates, Armstrong World Industries (AWI) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Armstrong World Industries (AWI - Free Report) reported revenue of $365.1 million, up 12.2% over the same period last year. EPS came in at $1.62, compared to $1.38 in the year-ago quarter.
The reported revenue represents a surprise of +1.23% over the Zacks Consensus Estimate of $360.65 million. With the consensus EPS estimate being $1.53, the EPS surprise was +5.88%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Armstrong World Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Architectural Specialties: $114.90 million versus the three-analyst average estimate of $111.27 million. The reported number represents a year-over-year change of +25.7%.
Revenue- Mineral Fiber: $250.20 million versus the three-analyst average estimate of $249.38 million. The reported number represents a year-over-year change of +6.9%.
Adjusted Operating Income- Architectural Specialties: $15 million compared to the $13.98 million average estimate based on three analysts.
Adjusted Operating Income- Mineral Fiber: $85 million versus $84.13 million estimated by three analysts on average.
Shares of Armstrong World Industries have returned +17.3% over the past month versus the Zacks S&P 500 composite's +0.1% 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, Armstrong World Industries (AWI) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Armstrong World Industries (AWI - Free Report) reported revenue of $365.1 million, up 12.2% over the same period last year. EPS came in at $1.62, compared to $1.38 in the year-ago quarter.
The reported revenue represents a surprise of +1.23% over the Zacks Consensus Estimate of $360.65 million. With the consensus EPS estimate being $1.53, the EPS surprise was +5.88%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Armstrong World Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Architectural Specialties: $114.90 million versus the three-analyst average estimate of $111.27 million. The reported number represents a year-over-year change of +25.7%.
- Revenue- Mineral Fiber: $250.20 million versus the three-analyst average estimate of $249.38 million. The reported number represents a year-over-year change of +6.9%.
- Adjusted Operating Income- Architectural Specialties: $15 million compared to the $13.98 million average estimate based on three analysts.
- Adjusted Operating Income- Mineral Fiber: $85 million versus $84.13 million estimated by three analysts on average.
View all Key Company Metrics for Armstrong World Industries here>>>Shares of Armstrong World Industries have returned +17.3% over the past month versus the Zacks S&P 500 composite's +0.1% 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.