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Compared to Estimates, Idexx (IDXX) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Idexx Laboratories (IDXX - Free Report) reported revenue of $915.53 million, up 8.8% over the same period last year. EPS came in at $2.53, compared to $2.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $922.08 million, representing a surprise of -0.71%. The company delivered an EPS surprise of +6.75%, with the consensus EPS estimate being $2.37.
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.
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 Idexx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Profit - Water: 69.8% compared to the 70.1% average estimate based on three analysts.
Gross Profit- CAG: 59.6% compared to the 60.3% average estimate based on three analysts.
Gross Profit - LPD: 53.2% compared to the 58.3% average estimate based on three analysts.
Gross Profit - Other: 43.7% versus the three-analyst average estimate of 16.4%.
Revenue- Water- United States: $22.80 million versus $21.16 million estimated by three analysts on average.
Revenue- LPD- International: $24.71 million versus $23.27 million estimated by three analysts on average.
Revenue- Companion Animal Group- United States: $573.83 million compared to the $578.52 million average estimate based on three analysts.
Revenue- Companion Animal Group- International: $263.33 million compared to the $262.39 million average estimate based on three analysts.
Revenue- Companion Animal Group (CAG): $837.16 million versus the five-analyst average estimate of $844.70 million. The reported number represents a year-over-year change of +9.4%.
Revenue- Other: $4.17 million compared to the $5.88 million average estimate based on five analysts. The reported number represents a change of -43.5% year over year.
Revenue- Livestock and poultry diagnostics (LPD): $29.75 million compared to the $27.74 million average estimate based on five analysts.
Revenue- Water: $44.45 million compared to the $42.32 million average estimate based on five analysts. The reported number represents a change of +8.8% year over year.
Shares of Idexx have returned -6.1% over the past month versus the Zacks S&P 500 composite's -2.2% 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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Compared to Estimates, Idexx (IDXX) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Idexx Laboratories (IDXX - Free Report) reported revenue of $915.53 million, up 8.8% over the same period last year. EPS came in at $2.53, compared to $2.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $922.08 million, representing a surprise of -0.71%. The company delivered an EPS surprise of +6.75%, with the consensus EPS estimate being $2.37.
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.
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 Idexx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross Profit - Water: 69.8% compared to the 70.1% average estimate based on three analysts.
- Gross Profit- CAG: 59.6% compared to the 60.3% average estimate based on three analysts.
- Gross Profit - LPD: 53.2% compared to the 58.3% average estimate based on three analysts.
- Gross Profit - Other: 43.7% versus the three-analyst average estimate of 16.4%.
- Revenue- Water- United States: $22.80 million versus $21.16 million estimated by three analysts on average.
- Revenue- LPD- International: $24.71 million versus $23.27 million estimated by three analysts on average.
- Revenue- Companion Animal Group- United States: $573.83 million compared to the $578.52 million average estimate based on three analysts.
- Revenue- Companion Animal Group- International: $263.33 million compared to the $262.39 million average estimate based on three analysts.
- Revenue- Companion Animal Group (CAG): $837.16 million versus the five-analyst average estimate of $844.70 million. The reported number represents a year-over-year change of +9.4%.
- Revenue- Other: $4.17 million compared to the $5.88 million average estimate based on five analysts. The reported number represents a change of -43.5% year over year.
- Revenue- Livestock and poultry diagnostics (LPD): $29.75 million compared to the $27.74 million average estimate based on five analysts.
- Revenue- Water: $44.45 million compared to the $42.32 million average estimate based on five analysts. The reported number represents a change of +8.8% year over year.
View all Key Company Metrics for Idexx here>>>Shares of Idexx have returned -6.1% over the past month versus the Zacks S&P 500 composite's -2.2% 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.