Natera (NTRA - Free Report) reported $311.11 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 43.2%. EPS of -$0.64 for the same period compares to -$1.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $300.38 million, representing a surprise of +3.57%. The company delivered an EPS surprise of +12.33%, with the consensus EPS estimate being -$0.73.
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 Natera performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Tests Processed Volume: 626,800 versus the two-analyst average estimate of 637,798.
- Tests Reported Volume: 619,800 versus 599,645 estimated by two analysts on average.
- Tests Accessioned Volume: 610,100 versus 613,888 estimated by two analysts on average.
- Revenues- Product: $307.25 million compared to the $271.75 million average estimate based on five analysts.
- Revenues- Licensing and other: $3.85 million versus $3.31 million estimated by five analysts on average.
View all Key Company Metrics for Natera here>>>Shares of Natera have returned +15.4% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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.
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Natera (NTRA - Free Report) reported $311.11 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 43.2%. EPS of -$0.64 for the same period compares to -$1.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $300.38 million, representing a surprise of +3.57%. The company delivered an EPS surprise of +12.33%, with the consensus EPS estimate being -$0.73.
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 Natera performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Tests Processed Volume: 626,800 versus the two-analyst average estimate of 637,798.
- Tests Reported Volume: 619,800 versus 599,645 estimated by two analysts on average.
- Tests Accessioned Volume: 610,100 versus 613,888 estimated by two analysts on average.
- Revenues- Product: $307.25 million compared to the $271.75 million average estimate based on five analysts.
- Revenues- Licensing and other: $3.85 million versus $3.31 million estimated by five analysts on average.
View all Key Company Metrics for Natera here>>>Shares of Natera have returned +15.4% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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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