For the quarter ended June 2023, CommScope (COMM - Free Report) reported revenue of $1.92 billion, down 16.6% over the same period last year. EPS came in at $0.19, compared to $0.41 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.04 billion, representing a surprise of -6.07%. The company delivered an EPS surprise of -51.28%, with the consensus EPS estimate being $0.39.
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): $698.90 million compared to the $887.16 million average estimate based on five analysts. The reported number represents a change of -29.2% year over year.
- Net sales- OWN (Outdoor Wireless Networks): $228.80 million compared to the $276.49 million average estimate based on five analysts. The reported number represents a change of -41.5% year over year.
- Core net sales: $1.59 billion versus $1.78 billion estimated by five analysts on average.
- Net sales- NICS (Networking, Intelligent Cellular and Security Solutions): $327.60 million versus the five-analyst average estimate of $298.64 million. The reported number represents a year-over-year change of +59.5%.
- Net sales- ANS (Access Network Solutions): $333.50 million compared to the $319.71 million average estimate based on five analysts. The reported number represents a change of +13.7% year over year.
- Net sales- Home Networks: $329.60 million versus $335.68 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -22.3% change.
- Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): $74.90 million compared to the $57.07 million average estimate based on three analysts.
- Adjusted EBITDA- Home Networks: -$3 million versus -$4.63 million estimated by three analysts on average.
- Adjusted EBITDA- ANS (Access Network Solutions): $66.30 million versus the three-analyst average estimate of $45.21 million.
- Core adjusted EBITDA: $262.50 million compared to the $327.18 million average estimate based on three analysts.
- Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $79.60 million compared to the $166.02 million average estimate based on three analysts.
- Adjusted EBITDA- OWN (Outdoor Wireless Networks): $41.70 million versus $58.88 million estimated by three analysts on average.
View all Key Company Metrics for CommScope here>>>Shares of CommScope have returned -25.8% over the past month versus the Zacks S&P 500 composite's +1.5% 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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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended June 2023, CommScope (COMM - Free Report) reported revenue of $1.92 billion, down 16.6% over the same period last year. EPS came in at $0.19, compared to $0.41 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.04 billion, representing a surprise of -6.07%. The company delivered an EPS surprise of -51.28%, with the consensus EPS estimate being $0.39.
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): $698.90 million compared to the $887.16 million average estimate based on five analysts. The reported number represents a change of -29.2% year over year.
- Net sales- OWN (Outdoor Wireless Networks): $228.80 million compared to the $276.49 million average estimate based on five analysts. The reported number represents a change of -41.5% year over year.
- Core net sales: $1.59 billion versus $1.78 billion estimated by five analysts on average.
- Net sales- NICS (Networking, Intelligent Cellular and Security Solutions): $327.60 million versus the five-analyst average estimate of $298.64 million. The reported number represents a year-over-year change of +59.5%.
- Net sales- ANS (Access Network Solutions): $333.50 million compared to the $319.71 million average estimate based on five analysts. The reported number represents a change of +13.7% year over year.
- Net sales- Home Networks: $329.60 million versus $335.68 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -22.3% change.
- Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): $74.90 million compared to the $57.07 million average estimate based on three analysts.
- Adjusted EBITDA- Home Networks: -$3 million versus -$4.63 million estimated by three analysts on average.
- Adjusted EBITDA- ANS (Access Network Solutions): $66.30 million versus the three-analyst average estimate of $45.21 million.
- Core adjusted EBITDA: $262.50 million compared to the $327.18 million average estimate based on three analysts.
- Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $79.60 million compared to the $166.02 million average estimate based on three analysts.
- Adjusted EBITDA- OWN (Outdoor Wireless Networks): $41.70 million versus $58.88 million estimated by three analysts on average.
View all Key Company Metrics for CommScope here>>>Shares of CommScope have returned -25.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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