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FMC (FMC) Reports Q1 Earnings: What Key Metrics Have to Say
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FMC (FMC - Free Report) reported $918 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 31.7%. EPS of $0.36 for the same period compares to $1.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of -10.45%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $0.35.
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 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: $188 million versus the two-analyst average estimate of $173.99 million. The reported number represents a year-over-year change of -19.5%.
Geographic Revenue- Europe, Middle East and Africa (EMEA): $306.80 million compared to the $327.89 million average estimate based on two analysts. The reported number represents a change of -19.9% year over year.
Geographic Revenue- Asia Pacific: $164.10 million compared to the $219.02 million average estimate based on two analysts. The reported number represents a change of -28.8% year over year.
Geographic Revenue- North America: $259.10 million compared to the $318.11 million average estimate based on two analysts. The reported number represents a change of -47.9% year over year.
Shares of FMC have returned +1.4% over the past month versus the Zacks S&P 500 composite's -0.4% 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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FMC (FMC) Reports Q1 Earnings: What Key Metrics Have to Say
FMC (FMC - Free Report) reported $918 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 31.7%. EPS of $0.36 for the same period compares to $1.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of -10.45%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $0.35.
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 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: $188 million versus the two-analyst average estimate of $173.99 million. The reported number represents a year-over-year change of -19.5%.
- Geographic Revenue- Europe, Middle East and Africa (EMEA): $306.80 million compared to the $327.89 million average estimate based on two analysts. The reported number represents a change of -19.9% year over year.
- Geographic Revenue- Asia Pacific: $164.10 million compared to the $219.02 million average estimate based on two analysts. The reported number represents a change of -28.8% year over year.
- Geographic Revenue- North America: $259.10 million compared to the $318.11 million average estimate based on two analysts. The reported number represents a change of -47.9% year over year.
View all Key Company Metrics for FMC here>>>Shares of FMC have returned +1.4% over the past month versus the Zacks S&P 500 composite's -0.4% 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.