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Compared to Estimates, Haemonetics (HAE) Q2 Earnings: A Look at Key Metrics
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Haemonetics (HAE - Free Report) reported $318.18 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7%. EPS of $0.99 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $319.18 million, representing a surprise of -0.31%. The company delivered an EPS surprise of +5.32%, with the consensus EPS estimate being $0.94.
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 Haemonetics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenues- Plasma: $141.90 million versus the two-analyst average estimate of $136.17 million. The reported number represents a year-over-year change of +11%.
Net revenues- Blood Center: $68.10 million versus the two-analyst average estimate of $63.65 million. The reported number represents a year-over-year change of -7.6%.
Net business unit revenues: $313.10 million compared to the $316.04 million average estimate based on two analysts. The reported number represents a change of +7.1% year over year.
Net revenues- Service: $5.04 million compared to the $5.47 million average estimate based on two analysts. The reported number represents a change of -0.2% year over year.
Net revenues- Hospital: $103.14 million versus the two-analyst average estimate of $113.59 million. The reported number represents a year-over-year change of +13.5%.
Shares of Haemonetics have returned -0.1% over the past month versus the Zacks S&P 500 composite's -1.1% 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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Compared to Estimates, Haemonetics (HAE) Q2 Earnings: A Look at Key Metrics
Haemonetics (HAE - Free Report) reported $318.18 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7%. EPS of $0.99 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $319.18 million, representing a surprise of -0.31%. The company delivered an EPS surprise of +5.32%, with the consensus EPS estimate being $0.94.
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 Haemonetics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenues- Plasma: $141.90 million versus the two-analyst average estimate of $136.17 million. The reported number represents a year-over-year change of +11%.
- Net revenues- Blood Center: $68.10 million versus the two-analyst average estimate of $63.65 million. The reported number represents a year-over-year change of -7.6%.
- Net business unit revenues: $313.10 million compared to the $316.04 million average estimate based on two analysts. The reported number represents a change of +7.1% year over year.
- Net revenues- Service: $5.04 million compared to the $5.47 million average estimate based on two analysts. The reported number represents a change of -0.2% year over year.
- Net revenues- Hospital: $103.14 million versus the two-analyst average estimate of $113.59 million. The reported number represents a year-over-year change of +13.5%.
View all Key Company Metrics for Haemonetics here>>>Shares of Haemonetics have returned -0.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.