For the quarter ended December 2023, SPX Technologies (SPXC - Free Report) reported revenue of $469.4 million, up 9.3% over the same period last year. EPS came in at $1.25, compared to $1.17 in the year-ago quarter.
The reported revenue represents a surprise of -2.47% over the Zacks Consensus Estimate of $481.3 million. With the consensus EPS estimate being $1.25, the company has not delivered EPS surprise.
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 SPX Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Detection & Measurement: $156.90 million compared to the $155.75 million average estimate based on two analysts. The reported number represents a change of +1.2% year over year.
- Revenues- HVAC: $312.50 million versus $321.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14% change.
- Segment Income- Detection & Measurement: $29.60 million versus $34.25 million estimated by two analysts on average.
- Segment Income- HVAC: $73.20 million versus the two-analyst average estimate of $66.45 million.
View all Key Company Metrics for SPX Technologies here>>>Shares of SPX Technologies have returned +7.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended December 2023, SPX Technologies (SPXC - Free Report) reported revenue of $469.4 million, up 9.3% over the same period last year. EPS came in at $1.25, compared to $1.17 in the year-ago quarter.
The reported revenue represents a surprise of -2.47% over the Zacks Consensus Estimate of $481.3 million. With the consensus EPS estimate being $1.25, the company has not delivered EPS surprise.
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 SPX Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Detection & Measurement: $156.90 million compared to the $155.75 million average estimate based on two analysts. The reported number represents a change of +1.2% year over year.
- Revenues- HVAC: $312.50 million versus $321.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14% change.
- Segment Income- Detection & Measurement: $29.60 million versus $34.25 million estimated by two analysts on average.
- Segment Income- HVAC: $73.20 million versus the two-analyst average estimate of $66.45 million.
View all Key Company Metrics for SPX Technologies here>>>Shares of SPX Technologies have returned +7.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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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