nVent Electric (NVT - Free Report) reported $874.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 18.1%. EPS of $0.77 for the same period compares to $0.67 a year ago.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $863.68 million. With the consensus EPS estimate being $0.73, the EPS surprise was +5.48%.
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 nVent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Enclosures: $439.90 million versus $413.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
- Net Sales- Electrical & Fastening Solutions: $292.20 million versus $308.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +42.1% change.
- Net Sales- Thermal Management: $142.20 million compared to the $142.37 million average estimate based on two analysts. The reported number represents a change of -1.2% year over year.
- Segment income (loss)- Enclosures: $94.80 million versus $88.11 million estimated by two analysts on average.
- Segment income (loss)- Electrical & Fastening Solutions: $85.20 million versus $90.05 million estimated by two analysts on average.
- Segment income (loss)- Thermal Management: $31.80 million versus the two-analyst average estimate of $29.92 million.
View all Key Company Metrics for nVent here>>>Shares of nVent have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.7% 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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It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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nVent Electric (NVT - Free Report) reported $874.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 18.1%. EPS of $0.77 for the same period compares to $0.67 a year ago.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $863.68 million. With the consensus EPS estimate being $0.73, the EPS surprise was +5.48%.
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 nVent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Enclosures: $439.90 million versus $413.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
- Net Sales- Electrical & Fastening Solutions: $292.20 million versus $308.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +42.1% change.
- Net Sales- Thermal Management: $142.20 million compared to the $142.37 million average estimate based on two analysts. The reported number represents a change of -1.2% year over year.
- Segment income (loss)- Enclosures: $94.80 million versus $88.11 million estimated by two analysts on average.
- Segment income (loss)- Electrical & Fastening Solutions: $85.20 million versus $90.05 million estimated by two analysts on average.
- Segment income (loss)- Thermal Management: $31.80 million versus the two-analyst average estimate of $29.92 million.
View all Key Company Metrics for nVent here>>>Shares of nVent have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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