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Compared to Estimates, CommScope (COMM) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2024, CommScope (COMM - Free Report) reported revenue of $1.39 billion, down 27.7% over the same period last year. EPS came in at $0.34, compared to $0.19 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.39 billion, representing a surprise of -0.24%. The company delivered an EPS surprise of -8.11%, with the consensus EPS estimate being $0.37.

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 CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- CCS (Connectivity and Cable Solutions)

    : $728.40 million compared to the $683.59 million average estimate based on four analysts. The reported number represents a change of +4.2% year over year.
  • Net Sales- ANS (Access Network Solutions)

    : $192.80 million versus the four-analyst average estimate of $178.09 million. The reported number represents a year-over-year change of -42.2%.
  • Net Sales- NICS (Networking, Intelligent Cellular and Security Solutions)

    : $132.40 million versus the four-analyst average estimate of $182.12 million. The reported number represents a year-over-year change of -59.6%.
  • Net Sales- OWN (Outdoor Wireless Networks)

    : $256.30 million compared to the $223.90 million average estimate based on four analysts. The reported number represents a change of +12% year over year.
  • Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions)

    : -$3.50 million versus $18.84 million estimated by two analysts on average.
  • Adjusted EBITDA- ANS (Access Network Solutions)

    : $33.20 million versus the two-analyst average estimate of $21.20 million.
  • Adjusted EBITDA- CCS (Connectivity and Cable Solutions)

    : $171.40 million compared to the $147.82 million average estimate based on two analysts.
  • Adjusted EBITDA- OWN (Outdoor Wireless Networks)

    : $75.40 million versus the two-analyst average estimate of $55.75 million.
View all Key Company Metrics for CommScope here>>>

Shares of CommScope have returned +65.1% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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