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Perrigo (PRGO) Reports Q1 Earnings: What Key Metrics Have to Say
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Perrigo (PRGO - Free Report) reported $1.08 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 8.4%. EPS of $0.29 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -0.91%. The company delivered an EPS surprise of +20.83%, with the consensus EPS estimate being $0.24.
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 Perrigo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Consumer Self-Care Americas (CSCA): $644.10 million versus the three-analyst average estimate of $653.51 million. The reported number represents a year-over-year change of -15.7%.
Net Sales- Consumer Self-Care International (CSCI): $437.90 million versus the three-analyst average estimate of $438.50 million. The reported number represents a year-over-year change of +4.7%.
Net Sales- CSCA- Oral care: $64.70 million versus $78.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
Net Sales- CSCA- Nutrition: $90.60 million compared to the $42.89 million average estimate based on two analysts. The reported number represents a change of -35.2% year over year.
Net Sales- CSCA- Healthy Lifestyle: $71.30 million versus $75.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Net Sales- CSCA- Upper Respiratory: $130.30 million compared to the $151.22 million average estimate based on two analysts. The reported number represents a change of -15.6% year over year.
Gross Profit- Consumer Self-Care International- Adjusted (CSCI): $232.30 million versus the three-analyst average estimate of $217.16 million.
Gross Profit- Consumer Self-Care Americas- Adjusted (CSCA): $163.20 million versus $194.01 million estimated by three analysts on average.
Shares of Perrigo have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Perrigo (PRGO) Reports Q1 Earnings: What Key Metrics Have to Say
Perrigo (PRGO - Free Report) reported $1.08 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 8.4%. EPS of $0.29 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -0.91%. The company delivered an EPS surprise of +20.83%, with the consensus EPS estimate being $0.24.
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 Perrigo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Consumer Self-Care Americas (CSCA): $644.10 million versus the three-analyst average estimate of $653.51 million. The reported number represents a year-over-year change of -15.7%.
- Net Sales- Consumer Self-Care International (CSCI): $437.90 million versus the three-analyst average estimate of $438.50 million. The reported number represents a year-over-year change of +4.7%.
- Net Sales- CSCA- Oral care: $64.70 million versus $78.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
- Net Sales- CSCA- Nutrition: $90.60 million compared to the $42.89 million average estimate based on two analysts. The reported number represents a change of -35.2% year over year.
- Net Sales- CSCA- Healthy Lifestyle: $71.30 million versus $75.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
- Net Sales- CSCA- Upper Respiratory: $130.30 million compared to the $151.22 million average estimate based on two analysts. The reported number represents a change of -15.6% year over year.
- Gross Profit- Consumer Self-Care International- Adjusted (CSCI): $232.30 million versus the three-analyst average estimate of $217.16 million.
- Gross Profit- Consumer Self-Care Americas- Adjusted (CSCA): $163.20 million versus $194.01 million estimated by three analysts on average.
View all Key Company Metrics for Perrigo here>>>Shares of Perrigo have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.