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Compared to Estimates, Inspire (INSP) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Inspire Medical Systems (INSP - Free Report) reported revenue of $195.89 million, up 29.7% over the same period last year. EPS came in at $0.32, compared to -$0.41 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $195.9 million, representing a surprise of -0.01%. The company delivered an EPS surprise of +328.57%, with the consensus EPS estimate being -$0.14.
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 Inspire performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
New U.S. Medical Centers
: 81 versus 54 estimated by three analysts on average.
Total U.S. Medical Centers
: 1,316 versus 1,302 estimated by three analysts on average.
New U.S. sales territories
: 12 versus the two-analyst average estimate of 13.
Total U.S. sales territories
: 310 versus 311 estimated by two analysts on average.
Geographic Revenue- United States
: $187.81 million versus $182.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +29.8% change.
Geographic Revenue- All other countries
: $8.08 million versus the five-analyst average estimate of $6.28 million. The reported number represents a year-over-year change of +27.3%.
Shares of Inspire have returned +7% 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, Inspire (INSP) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Inspire Medical Systems (INSP - Free Report) reported revenue of $195.89 million, up 29.7% over the same period last year. EPS came in at $0.32, compared to -$0.41 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $195.9 million, representing a surprise of -0.01%. The company delivered an EPS surprise of +328.57%, with the consensus EPS estimate being -$0.14.
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 Inspire 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 Inspire here>>>New U.S. Medical Centers
: 81 versus 54 estimated by three analysts on average.Total U.S. Medical Centers
: 1,316 versus 1,302 estimated by three analysts on average.New U.S. sales territories
: 12 versus the two-analyst average estimate of 13.Total U.S. sales territories
: 310 versus 311 estimated by two analysts on average.Geographic Revenue- United States
: $187.81 million versus $182.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +29.8% change.Geographic Revenue- All other countries
: $8.08 million versus the five-analyst average estimate of $6.28 million. The reported number represents a year-over-year change of +27.3%.Shares of Inspire have returned +7% 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.