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Elanco Animal Health (ELAN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Elanco Animal Health Incorporated (ELAN - Free Report) reported $1.21 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.1%. EPS of $0.34 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +2.69%. The company delivered an EPS surprise of +30.77%, with the consensus EPS estimate being $0.26.
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 Elanco Animal Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total Pet Health: $639 million compared to the $616.09 million average estimate based on three analysts. The reported number represents a change of -5.3% year over year.
Revenue- Total Farm Animal: $556 million compared to the $552 million average estimate based on three analysts. The reported number represents a change of -3% year over year.
Revenue- Total Contract Manufacturing: $10 million versus the two-analyst average estimate of $8.03 million. The reported number represents a year-over-year change of +11.1%.
Shares of Elanco Animal Health have returned -11.5% over the past month versus the Zacks S&P 500 composite's -0.2% 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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Elanco Animal Health (ELAN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Elanco Animal Health Incorporated (ELAN - Free Report) reported $1.21 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.1%. EPS of $0.34 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +2.69%. The company delivered an EPS surprise of +30.77%, with the consensus EPS estimate being $0.26.
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 Elanco Animal Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Total Pet Health: $639 million compared to the $616.09 million average estimate based on three analysts. The reported number represents a change of -5.3% year over year.
- Revenue- Total Farm Animal: $556 million compared to the $552 million average estimate based on three analysts. The reported number represents a change of -3% year over year.
- Revenue- Total Contract Manufacturing: $10 million versus the two-analyst average estimate of $8.03 million. The reported number represents a year-over-year change of +11.1%.
View all Key Company Metrics for Elanco Animal Health here>>>Shares of Elanco Animal Health have returned -11.5% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.