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Here's What Key Metrics Tell Us About Elanco Animal Health Incorporated (ELAN) Q4 Earnings

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Elanco Animal Health Incorporated (ELAN - Free Report) reported $1.04 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.8%. EPS of $0.08 for the same period compares to $0.19 a year ago.

The reported revenue represents a surprise of +3.53% over the Zacks Consensus Estimate of $999.74 million. With the consensus EPS estimate being $0.10, the EPS surprise was -20.00%.

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.

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 Elanco Animal Health Incorporated performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Total Pet Health: $416 million compared to the $432.80 million average estimate based on three analysts. The reported number represents a change of -1.7% year over year.
  • Revenue- Total Farm Animal: $610 million versus $558.14 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.
  • Revenue- Total Contract Manufacturing: $9 million versus $8.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -30.8% change.
View all Key Company Metrics for Elanco Animal Health Incorporated here>>>

Shares of Elanco Animal Health Incorporated have returned +7.8% over the past month versus the Zacks S&P 500 composite's +4.7% 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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