We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CommScope (COMM) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended March 2023, CommScope (COMM - Free Report) reported revenue of $2 billion, down 10.2% over the same period last year. EPS came in at $0.35, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.15 billion, representing a surprise of -6.88%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.34.
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.
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 CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- CCS (Connectivity and Cable Solutions): $822.80 million versus $891.41 million estimated by four analysts on average.
Net sales- Home Networks: $337.10 million compared to the $377.94 million average estimate based on four analysts. The reported number represents a change of -32% year over year.
Core net sales: $1.66 billion versus the four-analyst average estimate of $1.76 billion.
Net sales- NICS (Networking, Intelligent Cellular and Security Solutions): $284.50 million versus $245.94 million estimated by four analysts on average.
Net sales- ANS (Access Network Solutions): $298.70 million versus $322.70 million estimated by four analysts on average.
Net sales- OWN- Outdoor Wireless Networks: $258.40 million versus $303.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.8% change.
Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): $58 million compared to the $27.27 million average estimate based on three analysts.
Adjusted EBITDA- Home Networks: -$3.30 million compared to the $0.86 million average estimate based on three analysts.
Adjusted EBITDA- ANS (Access Network Solutions): $50.10 million versus $52.26 million estimated by three analysts on average.
Core adjusted EBITDA: $315.30 million versus $294.68 million estimated by three analysts on average.
Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $147.70 million versus the three-analyst average estimate of $166.96 million.
Adjusted EBITDA- OWN (Outdoor Wireless Networks): $59.50 million compared to the $48.20 million average estimate based on three analysts.
Shares of CommScope have returned -18.9% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CommScope (COMM) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, CommScope (COMM - Free Report) reported revenue of $2 billion, down 10.2% over the same period last year. EPS came in at $0.35, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.15 billion, representing a surprise of -6.88%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.34.
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.
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 CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- CCS (Connectivity and Cable Solutions): $822.80 million versus $891.41 million estimated by four analysts on average.
- Net sales- Home Networks: $337.10 million compared to the $377.94 million average estimate based on four analysts. The reported number represents a change of -32% year over year.
- Core net sales: $1.66 billion versus the four-analyst average estimate of $1.76 billion.
- Net sales- NICS (Networking, Intelligent Cellular and Security Solutions): $284.50 million versus $245.94 million estimated by four analysts on average.
- Net sales- ANS (Access Network Solutions): $298.70 million versus $322.70 million estimated by four analysts on average.
- Net sales- OWN- Outdoor Wireless Networks: $258.40 million versus $303.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.8% change.
- Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): $58 million compared to the $27.27 million average estimate based on three analysts.
- Adjusted EBITDA- Home Networks: -$3.30 million compared to the $0.86 million average estimate based on three analysts.
- Adjusted EBITDA- ANS (Access Network Solutions): $50.10 million versus $52.26 million estimated by three analysts on average.
- Core adjusted EBITDA: $315.30 million versus $294.68 million estimated by three analysts on average.
- Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $147.70 million versus the three-analyst average estimate of $166.96 million.
- Adjusted EBITDA- OWN (Outdoor Wireless Networks): $59.50 million compared to the $48.20 million average estimate based on three analysts.
View all Key Company Metrics for CommScope here>>>Shares of CommScope have returned -18.9% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.