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The Cooper Companies (COO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended July 2023, The Cooper Companies (COO - Free Report) reported revenue of $930.2 million, up 10.3% over the same period last year. EPS came in at $3.35, compared to $3.19 in the year-ago quarter.
The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $900.37 million. With the consensus EPS estimate being $3.35, the company has not delivered EPS surprise.
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 The Cooper Companies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue by Geography- Americas: $248.60 million compared to the $239.61 million average estimate based on three analysts.
Revenue by Geography- Asia Pacific: $139.40 million compared to the $141.19 million average estimate based on three analysts.
Revenue by Geography- EMEA: $242.20 million compared to the $226.79 million average estimate based on three analysts.
Revenue by Category- CSI: $300 million versus $292.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.
Revenue by Category- CVI: $630.20 million versus the seven-analyst average estimate of $608.01 million. The reported number represents a year-over-year change of +11.3%.
Revenue by Category- CSI- Fertility: $121.60 million versus the six-analyst average estimate of $120.49 million. The reported number represents a year-over-year change of +8.9%.
Revenue by Category- CSI- Office and surgical: $178.40 million versus $172.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
Revenue by Category- CVI- Multifocal: $80.80 million versus the five-analyst average estimate of $75.32 million. The reported number represents a year-over-year change of +19.5%.
Revenue by Category- CVI- Toric: $215.70 million versus $205.89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
Revenue by Category- CVI- Non single-use sphere, other: $146.20 million compared to the $151.18 million average estimate based on four analysts. The reported number represents a change of -1.9% year over year.
Revenue by Category- CVI- Single-use sphere: $187.50 million versus the four-analyst average estimate of $179.24 million. The reported number represents a year-over-year change of +14.5%.
Shares of The Cooper Companies have returned -3.1% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The Cooper Companies (COO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended July 2023, The Cooper Companies (COO - Free Report) reported revenue of $930.2 million, up 10.3% over the same period last year. EPS came in at $3.35, compared to $3.19 in the year-ago quarter.
The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $900.37 million. With the consensus EPS estimate being $3.35, the company has not delivered EPS surprise.
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 The Cooper Companies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue by Geography- Americas: $248.60 million compared to the $239.61 million average estimate based on three analysts.
- Revenue by Geography- Asia Pacific: $139.40 million compared to the $141.19 million average estimate based on three analysts.
- Revenue by Geography- EMEA: $242.20 million compared to the $226.79 million average estimate based on three analysts.
- Revenue by Category- CSI: $300 million versus $292.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.
- Revenue by Category- CVI: $630.20 million versus the seven-analyst average estimate of $608.01 million. The reported number represents a year-over-year change of +11.3%.
- Revenue by Category- CSI- Fertility: $121.60 million versus the six-analyst average estimate of $120.49 million. The reported number represents a year-over-year change of +8.9%.
- Revenue by Category- CSI- Office and surgical: $178.40 million versus $172.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Revenue by Category- CVI- Multifocal: $80.80 million versus the five-analyst average estimate of $75.32 million. The reported number represents a year-over-year change of +19.5%.
- Revenue by Category- CVI- Toric: $215.70 million versus $205.89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
- Revenue by Category- CVI- Non single-use sphere, other: $146.20 million compared to the $151.18 million average estimate based on four analysts. The reported number represents a change of -1.9% year over year.
- Revenue by Category- CVI- Single-use sphere: $187.50 million versus the four-analyst average estimate of $179.24 million. The reported number represents a year-over-year change of +14.5%.
View all Key Company Metrics for The Cooper Companies here>>>Shares of The Cooper Companies have returned -3.1% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.