For the quarter ended December 2022, Ametek (AME - Free Report) reported revenue of $1.63 billion, up 8.1% over the same period last year. EPS came in at $1.52, compared to $1.37 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of +2.63%. The company delivered an EPS surprise of +3.4%, with the consensus EPS estimate being $1.47.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ametek performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales-Electronic Instruments: $1.16 billion compared to the $1.11 billion average estimate based on three analysts. The reported number represents a change of +9.7% year over year.
- Net sales-Electro mechanical: $466.45 million versus $469.84 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
- Operating income -Electromechanical: $114.55 million versus the three-analyst average estimate of $117.54 million.
- Operating income -Electronic Instruments: $307.13 million versus $290.93 million estimated by three analysts on average.
View all Key Company Metrics for Ametek here>>>
Shares of Ametek have returned +3.1% over the past month versus the Zacks S&P 500 composite's +7.4% 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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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended December 2022, Ametek (AME - Free Report) reported revenue of $1.63 billion, up 8.1% over the same period last year. EPS came in at $1.52, compared to $1.37 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of +2.63%. The company delivered an EPS surprise of +3.4%, with the consensus EPS estimate being $1.47.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ametek 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 Ametek here>>>
Shares of Ametek have returned +3.1% over the past month versus the Zacks S&P 500 composite's +7.4% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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