For the quarter ended March 2024, NXP Semiconductors (NXPI - Free Report) reported revenue of $3.13 billion, up 0.2% over the same period last year. EPS came in at $3.24, compared to $3.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $3.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 NXP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Automotive: $1.80 billion versus $1.80 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
- Revenue- Communications Infrastructure & Other: $399 million compared to the $398.92 million average estimate based on eight analysts. The reported number represents a change of -24.6% year over year.
- Revenue- Mobile: $349 million versus $343.83 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +34.2% change.
- Revenue- Industrial & IoT: $574 million versus the eight-analyst average estimate of $581.70 million. The reported number represents a year-over-year change of +13.9%.
View all Key Company Metrics for NXP here>>>Shares of NXP have returned -2.1% over the past month versus the Zacks S&P 500 composite's -2% 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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For the quarter ended March 2024, NXP Semiconductors (NXPI - Free Report) reported revenue of $3.13 billion, up 0.2% over the same period last year. EPS came in at $3.24, compared to $3.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $3.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 NXP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Automotive: $1.80 billion versus $1.80 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
- Revenue- Communications Infrastructure & Other: $399 million compared to the $398.92 million average estimate based on eight analysts. The reported number represents a change of -24.6% year over year.
- Revenue- Mobile: $349 million versus $343.83 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +34.2% change.
- Revenue- Industrial & IoT: $574 million versus the eight-analyst average estimate of $581.70 million. The reported number represents a year-over-year change of +13.9%.
View all Key Company Metrics for NXP here>>>Shares of NXP have returned -2.1% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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