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VIZIO Holding Corp. (VZIO) Reports Q3 Earnings: What Key Metrics Have to Say
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VIZIO Holding Corp. (VZIO - Free Report) reported $426.2 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 2%. EPS of $0.07 for the same period compares to $0.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $425.62 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +250.00%, with the consensus EPS estimate being $0.02.
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 VIZIO Holding Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Smart TV Shipments: 1.1 million versus 1.14 million estimated by four analysts on average.
SmartCast Active Accounts: 17.9 million versus 17.93 million estimated by four analysts on average.
SmartCast Hours: 5,153 hrs versus the three-analyst average estimate of 4,810.63 hrs.
Total VIZIO Hours: 8,913 hrs versus 9,146.68 hrs estimated by three analysts on average.
SmartCast Average Revenue Per User (ARPU): $31.55 versus the two-analyst average estimate of $31.84.
Net revenue- Platform: $156.20 million versus $155.03 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +22% change.
Net revenue- Device: $270 million versus the five-analyst average estimate of $270.59 million. The reported number represents a year-over-year change of -12.1%.
Gross Profit- Platform+: $99.80 million versus the five-analyst average estimate of $93.98 million.
Gross Profit- Device: -$3.30 million compared to the -$3.14 million average estimate based on five analysts.
Shares of VIZIO Holding Corp. have returned +9.6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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VIZIO Holding Corp. (VZIO) Reports Q3 Earnings: What Key Metrics Have to Say
VIZIO Holding Corp. (VZIO - Free Report) reported $426.2 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 2%. EPS of $0.07 for the same period compares to $0.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $425.62 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +250.00%, with the consensus EPS estimate being $0.02.
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 VIZIO Holding Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Smart TV Shipments: 1.1 million versus 1.14 million estimated by four analysts on average.
- SmartCast Active Accounts: 17.9 million versus 17.93 million estimated by four analysts on average.
- SmartCast Hours: 5,153 hrs versus the three-analyst average estimate of 4,810.63 hrs.
- Total VIZIO Hours: 8,913 hrs versus 9,146.68 hrs estimated by three analysts on average.
- SmartCast Average Revenue Per User (ARPU): $31.55 versus the two-analyst average estimate of $31.84.
- Net revenue- Platform: $156.20 million versus $155.03 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +22% change.
- Net revenue- Device: $270 million versus the five-analyst average estimate of $270.59 million. The reported number represents a year-over-year change of -12.1%.
- Gross Profit- Platform+: $99.80 million versus the five-analyst average estimate of $93.98 million.
- Gross Profit- Device: -$3.30 million compared to the -$3.14 million average estimate based on five analysts.
View all Key Company Metrics for VIZIO Holding Corp. here>>>Shares of VIZIO Holding Corp. have returned +9.6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.