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Qiagen (QGEN) Reports Q4 Earnings: What Key Metrics Have to Say
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Qiagen (QGEN - Free Report) reported $509.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.3%. EPS of $0.55 for the same period compares to $0.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $504.16 million, representing a surprise of +0.99%. The company delivered an EPS surprise of -1.79%, with the consensus EPS estimate being $0.56.
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 Qiagen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Molecular Diagnostics: $271 million compared to the $264.87 million average estimate based on two analysts.
Revenue- Life Sciences: $238 million versus the two-analyst average estimate of $237.03 million.
Sales by Product Groups- Sample technologies: $164 million compared to the $173.32 million average estimate based on two analysts.
Sales by Product Groups- Other: $19 million versus $25.72 million estimated by two analysts on average.
Sales by Product Groups- PCR / Nucleic acid amplification: $81 million versus $64.09 million estimated by two analysts on average.
Sales by Product Groups- Genomics / NGS: $65 million compared to the $71.78 million average estimate based on two analysts.
Sales by Product Groups- Diagnostic solutions: $180 million compared to the $173.27 million average estimate based on two analysts.
Shares of Qiagen have returned -9.6% over the past month versus the Zacks S&P 500 composite's +5.3% 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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Qiagen (QGEN) Reports Q4 Earnings: What Key Metrics Have to Say
Qiagen (QGEN - Free Report) reported $509.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.3%. EPS of $0.55 for the same period compares to $0.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $504.16 million, representing a surprise of +0.99%. The company delivered an EPS surprise of -1.79%, with the consensus EPS estimate being $0.56.
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 Qiagen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Molecular Diagnostics: $271 million compared to the $264.87 million average estimate based on two analysts.
- Revenue- Life Sciences: $238 million versus the two-analyst average estimate of $237.03 million.
- Sales by Product Groups- Sample technologies: $164 million compared to the $173.32 million average estimate based on two analysts.
- Sales by Product Groups- Other: $19 million versus $25.72 million estimated by two analysts on average.
- Sales by Product Groups- PCR / Nucleic acid amplification: $81 million versus $64.09 million estimated by two analysts on average.
- Sales by Product Groups- Genomics / NGS: $65 million compared to the $71.78 million average estimate based on two analysts.
- Sales by Product Groups- Diagnostic solutions: $180 million compared to the $173.27 million average estimate based on two analysts.
View all Key Company Metrics for Qiagen here>>>Shares of Qiagen have returned -9.6% over the past month versus the Zacks S&P 500 composite's +5.3% 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.