For the quarter ended March 2024, Chart Industries (GTLS - Free Report) reported revenue of $950.7 million, up 76.7% over the same period last year. EPS came in at $1.49, compared to $1.41 in the year-ago quarter.
The reported revenue represents a surprise of -2.41% over the Zacks Consensus Estimate of $974.17 million. With the consensus EPS estimate being $1.88, the EPS surprise was -20.74%.
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 Chart Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Backlog - Cryo Tank Solutions: $367.50 million compared to the $378.69 million average estimate based on two analysts.
- Backlog - Heat Transfer Systems: $1.69 billion compared to the $1.72 billion average estimate based on two analysts.
- Backlog - Specialty Products: $1.68 billion compared to the $1.78 billion average estimate based on two analysts.
- Orders - Repair, Service & Leasing: $333.90 million versus the two-analyst average estimate of $340.65 million.
- Orders - Cryo Tank Solutions: $159.30 million versus the two-analyst average estimate of $169.61 million.
- Orders - Heat Transfer Systems: $237.30 million compared to the $237.28 million average estimate based on two analysts.
- Orders - Specialty Products: $391.30 million versus $380.37 million estimated by two analysts on average.
- Sales- Intersegment eliminations: -$0.10 million compared to the -$10.74 million average estimate based on two analysts. The reported number represents a change of -97.6% year over year.
- Sales- Cryo Tank Solutions: $159.70 million compared to the $152.69 million average estimate based on two analysts. The reported number represents a change of +25.6% year over year.
- Sales- Repair, Service & Leasing: $301 million versus the two-analyst average estimate of $332.91 million. The reported number represents a year-over-year change of +150.6%.
- Sales- Specialty Products: $236.50 million compared to the $231.19 million average estimate based on two analysts. The reported number represents a change of +85.8% year over year.
- Sales- Heat Transfer Systems: $253.60 million compared to the $238.61 million average estimate based on two analysts. The reported number represents a change of +51.4% year over year.
View all Key Company Metrics for Chart Industries here>>>Shares of Chart Industries have returned -5.4% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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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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For the quarter ended March 2024, Chart Industries (GTLS - Free Report) reported revenue of $950.7 million, up 76.7% over the same period last year. EPS came in at $1.49, compared to $1.41 in the year-ago quarter.
The reported revenue represents a surprise of -2.41% over the Zacks Consensus Estimate of $974.17 million. With the consensus EPS estimate being $1.88, the EPS surprise was -20.74%.
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 Chart Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Backlog - Cryo Tank Solutions: $367.50 million compared to the $378.69 million average estimate based on two analysts.
- Backlog - Heat Transfer Systems: $1.69 billion compared to the $1.72 billion average estimate based on two analysts.
- Backlog - Specialty Products: $1.68 billion compared to the $1.78 billion average estimate based on two analysts.
- Orders - Repair, Service & Leasing: $333.90 million versus the two-analyst average estimate of $340.65 million.
- Orders - Cryo Tank Solutions: $159.30 million versus the two-analyst average estimate of $169.61 million.
- Orders - Heat Transfer Systems: $237.30 million compared to the $237.28 million average estimate based on two analysts.
- Orders - Specialty Products: $391.30 million versus $380.37 million estimated by two analysts on average.
- Sales- Intersegment eliminations: -$0.10 million compared to the -$10.74 million average estimate based on two analysts. The reported number represents a change of -97.6% year over year.
- Sales- Cryo Tank Solutions: $159.70 million compared to the $152.69 million average estimate based on two analysts. The reported number represents a change of +25.6% year over year.
- Sales- Repair, Service & Leasing: $301 million versus the two-analyst average estimate of $332.91 million. The reported number represents a year-over-year change of +150.6%.
- Sales- Specialty Products: $236.50 million compared to the $231.19 million average estimate based on two analysts. The reported number represents a change of +85.8% year over year.
- Sales- Heat Transfer Systems: $253.60 million compared to the $238.61 million average estimate based on two analysts. The reported number represents a change of +51.4% year over year.
View all Key Company Metrics for Chart Industries here>>>Shares of Chart Industries have returned -5.4% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #1 (Strong 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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