Heico Corporation (HEI - Free Report) reported $687.84 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 27.7%. EPS of $0.76 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +5.12% over the Zacks Consensus Estimate of $654.32 million. With the consensus EPS estimate being $0.72, the EPS surprise was +5.56%.
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 Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Flight Support Group (FSG): $392.20 million compared to the $388.25 million average estimate based on three analysts. The reported number represents a change of +28.1% year over year.
- Net Sales- Electronic Technologies Group (ETG): $301.76 million versus the three-analyst average estimate of $281.47 million. The reported number represents a year-over-year change of +27.1%.
- Operating income- Flight Support Group: $99.91 million versus the three-analyst average estimate of $88.97 million.
- Operating income- Other, primarily corporate: -$10.80 million compared to the -$12.85 million average estimate based on three analysts.
- Operating income- Electronic Technologies Group: $67.98 million versus $74.48 million estimated by three analysts on average.
View all Key Company Metrics for Heico Corporation here>>>Shares of Heico Corporation have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Heico Corporation (HEI - Free Report) reported $687.84 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 27.7%. EPS of $0.76 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +5.12% over the Zacks Consensus Estimate of $654.32 million. With the consensus EPS estimate being $0.72, the EPS surprise was +5.56%.
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 Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Flight Support Group (FSG): $392.20 million compared to the $388.25 million average estimate based on three analysts. The reported number represents a change of +28.1% year over year.
- Net Sales- Electronic Technologies Group (ETG): $301.76 million versus the three-analyst average estimate of $281.47 million. The reported number represents a year-over-year change of +27.1%.
- Operating income- Flight Support Group: $99.91 million versus the three-analyst average estimate of $88.97 million.
- Operating income- Other, primarily corporate: -$10.80 million compared to the -$12.85 million average estimate based on three analysts.
- Operating income- Electronic Technologies Group: $67.98 million versus $74.48 million estimated by three analysts on average.
View all Key Company Metrics for Heico Corporation here>>>Shares of Heico Corporation have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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