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Compared to Estimates, FMC (FMC) Q2 Earnings: A Look at Key Metrics
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FMC (FMC - Free Report) reported $1.04 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.4%. EPS of $0.63 for the same period compares to $0.50 a year ago.
The reported revenue represents a surprise of +4.33% over the Zacks Consensus Estimate of $995.3 million. With the consensus EPS estimate being $0.50, the EPS surprise was +26.00%.
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 FMC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Latin America
: $307.20 million compared to the $272.70 million average estimate based on two analysts. The reported number represents a change of +14.3% year over year.
Geographic Revenue- Europe, Middle East and Africa (EMEA)
: $201.20 million versus the two-analyst average estimate of $214.90 million. The reported number represents a year-over-year change of -3.1%.
Geographic Revenue- Asia
: $191.20 million versus $228.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -28% change.
Geographic Revenue- North America
: $338.80 million versus the two-analyst average estimate of $282.20 million. The reported number represents a year-over-year change of +24.3%.
Shares of FMC have returned +15.6% 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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Compared to Estimates, FMC (FMC) Q2 Earnings: A Look at Key Metrics
FMC (FMC - Free Report) reported $1.04 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.4%. EPS of $0.63 for the same period compares to $0.50 a year ago.
The reported revenue represents a surprise of +4.33% over the Zacks Consensus Estimate of $995.3 million. With the consensus EPS estimate being $0.50, the EPS surprise was +26.00%.
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 FMC 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 FMC here>>>Geographic Revenue- Latin America
: $307.20 million compared to the $272.70 million average estimate based on two analysts. The reported number represents a change of +14.3% year over year.Geographic Revenue- Europe, Middle East and Africa (EMEA)
: $201.20 million versus the two-analyst average estimate of $214.90 million. The reported number represents a year-over-year change of -3.1%.Geographic Revenue- Asia
: $191.20 million versus $228.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -28% change.Geographic Revenue- North America
: $338.80 million versus the two-analyst average estimate of $282.20 million. The reported number represents a year-over-year change of +24.3%.Shares of FMC have returned +15.6% 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.