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Generac Holdings (GNRC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Generac Holdings (GNRC - Free Report) reported revenue of $998.2 million, down 0.2% over the same period last year. EPS came in at $1.35, compared to $1.08 in the year-ago quarter.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $1 billion. With the consensus EPS estimate being $1.24, the EPS surprise was +8.87%.
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.
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 Generac Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Domestic
: $827.14 million versus $833.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.5% change.
Geographic Revenue- International
: $184.51 million versus the two-analyst average estimate of $170.12 million. The reported number represents a year-over-year change of -17.5%.
Revenue- Residential products
: $538.40 million compared to the $542.16 million average estimate based on five analysts. The reported number represents a change of +8% year over year.
Revenue- Other
: $115.63 million versus the five-analyst average estimate of $120.17 million. The reported number represents a year-over-year change of -1.6%.
Revenue- Commercial & industrial products
: $344.17 million versus the five-analyst average estimate of $338.08 million. The reported number represents a year-over-year change of -10.5%.
Shares of Generac Holdings have returned +13.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Generac Holdings (GNRC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Generac Holdings (GNRC - Free Report) reported revenue of $998.2 million, down 0.2% over the same period last year. EPS came in at $1.35, compared to $1.08 in the year-ago quarter.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $1 billion. With the consensus EPS estimate being $1.24, the EPS surprise was +8.87%.
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.
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 Generac Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Generac Holdings here>>>Geographic Revenue- Domestic
: $827.14 million versus $833.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.5% change.Geographic Revenue- International
: $184.51 million versus the two-analyst average estimate of $170.12 million. The reported number represents a year-over-year change of -17.5%.Revenue- Residential products
: $538.40 million compared to the $542.16 million average estimate based on five analysts. The reported number represents a change of +8% year over year.Revenue- Other
: $115.63 million versus the five-analyst average estimate of $120.17 million. The reported number represents a year-over-year change of -1.6%.Revenue- Commercial & industrial products
: $344.17 million versus the five-analyst average estimate of $338.08 million. The reported number represents a year-over-year change of -10.5%.Shares of Generac Holdings have returned +13.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.