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Compared to Estimates, Clarivate (CLVT) Q2 Earnings: A Look at Key Metrics
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Clarivate PLC (CLVT - Free Report) reported $650.3 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.8%. EPS of $0.20 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $653.29 million. With the consensus EPS estimate being $0.18, the EPS surprise was +11.11%.
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 Clarivate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Intellectual Property
: $201.60 million versus the five-analyst average estimate of $199.95 million. The reported number represents a year-over-year change of -6.8%.
Revenues- Life Sciences & Healthcare
: $104.20 million compared to the $107.80 million average estimate based on five analysts. The reported number represents a change of -5.7% year over year.
Revenues- Academia & Government
: $344.50 million versus the five-analyst average estimate of $336.67 million. The reported number represents a year-over-year change of +0.7%.
Revenues- Transactional and other revenues
: $136.10 million compared to the $120.74 million average estimate based on two analysts. The reported number represents a change of -10.3% year over year.
Revenues- Re-occurring revenues
: $108.60 million compared to the $111.58 million average estimate based on two analysts. The reported number represents a change of -2.2% year over year.
Revenues- Subscription revenues
: $405.60 million versus $420.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
Shares of Clarivate have returned +9.6% over the past month versus the Zacks S&P 500 composite's -6.7% 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, Clarivate (CLVT) Q2 Earnings: A Look at Key Metrics
Clarivate PLC (CLVT - Free Report) reported $650.3 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.8%. EPS of $0.20 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $653.29 million. With the consensus EPS estimate being $0.18, the EPS surprise was +11.11%.
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 Clarivate 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 Clarivate here>>>Revenues- Intellectual Property
: $201.60 million versus the five-analyst average estimate of $199.95 million. The reported number represents a year-over-year change of -6.8%.Revenues- Life Sciences & Healthcare
: $104.20 million compared to the $107.80 million average estimate based on five analysts. The reported number represents a change of -5.7% year over year.Revenues- Academia & Government
: $344.50 million versus the five-analyst average estimate of $336.67 million. The reported number represents a year-over-year change of +0.7%.Revenues- Transactional and other revenues
: $136.10 million compared to the $120.74 million average estimate based on two analysts. The reported number represents a change of -10.3% year over year.Revenues- Re-occurring revenues
: $108.60 million compared to the $111.58 million average estimate based on two analysts. The reported number represents a change of -2.2% year over year.Revenues- Subscription revenues
: $405.60 million versus $420.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.Shares of Clarivate have returned +9.6% over the past month versus the Zacks S&P 500 composite's -6.7% 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.