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Hologic (HOLX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Hologic (HOLX - Free Report) reported $984.4 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 1.8%. EPS of $0.93 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of +2.85% over the Zacks Consensus Estimate of $957.13 million. With the consensus EPS estimate being $0.88, the EPS surprise was +5.68%.
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 Hologic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- GYN Surgical: $157.30 million compared to the $146.12 million average estimate based on four analysts. The reported number represents a change of +13.9% year over year.
Revenues- Diagnostics- Molecular Diagnostics: $302.20 million compared to the $337.97 million average estimate based on four analysts. The reported number represents a change of -30.6% year over year.
Revenues- Diagnostics- Blood Screening: $10.70 million versus the four-analyst average estimate of $6.67 million. The reported number represents a year-over-year change of +20.2%.
Revenues- Breast Health- Breast Imaging: $286.10 million compared to the $256.66 million average estimate based on four analysts. The reported number represents a change of +34.8% year over year.
Revenue- Total Diagnostics: $439.70 million versus the four-analyst average estimate of $452.14 million. The reported number represents a year-over-year change of -21.5%.
Revenue- Skeletal Health: $27.10 million versus $23.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +24.9% change.
Revenues- Diagnostics- Cytology & Perinatal: $126.80 million versus the four-analyst average estimate of $109.38 million. The reported number represents a year-over-year change of +9.4%.
Revenue- Total Breast Health: $360.30 million versus $332.10 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +27.4% change.
Revenues- Breast Health- Interventional Breast Solutions: $74.20 million compared to the $75.44 million average estimate based on four analysts. The reported number represents a change of +5.1% year over year.
Service and other revenue: $185.30 million versus $164.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.
Product Sales: $799.10 million versus $793.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.
Shares of Hologic have returned -0.4% over the past month versus the Zacks S&P 500 composite's +4.7% 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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Hologic (HOLX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Hologic (HOLX - Free Report) reported $984.4 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 1.8%. EPS of $0.93 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of +2.85% over the Zacks Consensus Estimate of $957.13 million. With the consensus EPS estimate being $0.88, the EPS surprise was +5.68%.
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 Hologic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- GYN Surgical: $157.30 million compared to the $146.12 million average estimate based on four analysts. The reported number represents a change of +13.9% year over year.
- Revenues- Diagnostics- Molecular Diagnostics: $302.20 million compared to the $337.97 million average estimate based on four analysts. The reported number represents a change of -30.6% year over year.
- Revenues- Diagnostics- Blood Screening: $10.70 million versus the four-analyst average estimate of $6.67 million. The reported number represents a year-over-year change of +20.2%.
- Revenues- Breast Health- Breast Imaging: $286.10 million compared to the $256.66 million average estimate based on four analysts. The reported number represents a change of +34.8% year over year.
- Revenue- Total Diagnostics: $439.70 million versus the four-analyst average estimate of $452.14 million. The reported number represents a year-over-year change of -21.5%.
- Revenue- Skeletal Health: $27.10 million versus $23.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +24.9% change.
- Revenues- Diagnostics- Cytology & Perinatal: $126.80 million versus the four-analyst average estimate of $109.38 million. The reported number represents a year-over-year change of +9.4%.
- Revenue- Total Breast Health: $360.30 million versus $332.10 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +27.4% change.
- Revenues- Breast Health- Interventional Breast Solutions: $74.20 million compared to the $75.44 million average estimate based on four analysts. The reported number represents a change of +5.1% year over year.
- Service and other revenue: $185.30 million versus $164.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.
- Product Sales: $799.10 million versus $793.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.
View all Key Company Metrics for Hologic here>>>Shares of Hologic have returned -0.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.