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Here's What Key Metrics Tell Us About Conmed (CNMD) Q2 Earnings
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For the quarter ended June 2024, Conmed (CNMD - Free Report) reported revenue of $332.1 million, up 4.6% over the same period last year. EPS came in at $0.98, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $334.56 million, representing a surprise of -0.74%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.92.
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 Conmed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Domestic
: $185.40 million compared to the $183.93 million average estimate based on two analysts. The reported number represents a change of +6.1% year over year.
Geographic Revenue- International
: $146.70 million versus the two-analyst average estimate of $151.07 million. The reported number represents a year-over-year change of +2.6%.
Net Sales- Orthopedic Surgery
: $139.50 million versus $140.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
Net Sales- General Surgery
: $192.60 million versus the four-analyst average estimate of $189.61 million. The reported number represents a year-over-year change of +8.9%.
Net Sales- Single-use Products
: $279.30 million versus the two-analyst average estimate of $276.53 million. The reported number represents a year-over-year change of +5.5%.
Net Sales- Capital Products
: $52.80 million versus $58.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
Shares of Conmed have returned +3.7% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Here's What Key Metrics Tell Us About Conmed (CNMD) Q2 Earnings
For the quarter ended June 2024, Conmed (CNMD - Free Report) reported revenue of $332.1 million, up 4.6% over the same period last year. EPS came in at $0.98, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $334.56 million, representing a surprise of -0.74%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.92.
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 Conmed 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 Conmed here>>>Geographic Revenue- Domestic
: $185.40 million compared to the $183.93 million average estimate based on two analysts. The reported number represents a change of +6.1% year over year.Geographic Revenue- International
: $146.70 million versus the two-analyst average estimate of $151.07 million. The reported number represents a year-over-year change of +2.6%.Net Sales- Orthopedic Surgery
: $139.50 million versus $140.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.Net Sales- General Surgery
: $192.60 million versus the four-analyst average estimate of $189.61 million. The reported number represents a year-over-year change of +8.9%.Net Sales- Single-use Products
: $279.30 million versus the two-analyst average estimate of $276.53 million. The reported number represents a year-over-year change of +5.5%.Net Sales- Capital Products
: $52.80 million versus $58.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.Shares of Conmed have returned +3.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.