For the quarter ended June 2024, Inogen (INGN Quick QuoteINGN - Free Report) reported revenue of $88.77 million, up 6.1% over the same period last year. EPS came in at -$0.24, compared to -$0.42 in the year-ago quarter.

The reported revenue represents a surprise of +7.80% over the Zacks Consensus Estimate of $82.34 million. With the consensus EPS estimate being -$0.54, the EPS surprise was +55.56%.

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

• Revenue- Sales revenue

  : $74.43 million versus the two-analyst average estimate of $66.39 million. The reported number represents a year-over-year change of +8.9%.

• Revenue- Rental revenue

  : $14.34 million compared to the $15.57 million average estimate based on two analysts. The reported number represents a change of -6.2% year over year.

• Gross profit- Rental revenue

  : $6.63 million compared to the $7.06 million average estimate based on two analysts.

• Gross profit- Sales revenue

  : $36.11 million compared to the $28.34 million average estimate based on two analysts.

View all Key Company Metrics for Inogen here>>>

Shares of Inogen have returned +30.8% over the past month versus the Zacks S&P 500 composite's -6.5% 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.