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GE HealthCare (GEHC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2024, GE HealthCare Technologies (GEHC - Free Report) reported revenue of $4.86 billion, up 0.9% over the same period last year. EPS came in at $1.14, compared to $0.99 in the year-ago quarter.
The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $4.86 billion. With the consensus EPS estimate being $1.06, the EPS surprise was +7.55%.
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 GE HealthCare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Imaging: $2.23 billion versus the four-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of -15.4%.
Revenues- Other: $15 million versus $10.56 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -21.1% change.
Revenues- PDx: $625 million compared to the $634.28 million average estimate based on four analysts. The reported number represents a change of +6.1% year over year.
Revenues- PCS: $779 million versus the four-analyst average estimate of $773.99 million. The reported number represents a year-over-year change of +2%.
Shares of GE HealthCare have returned -7% 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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GE HealthCare (GEHC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2024, GE HealthCare Technologies (GEHC - Free Report) reported revenue of $4.86 billion, up 0.9% over the same period last year. EPS came in at $1.14, compared to $0.99 in the year-ago quarter.
The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $4.86 billion. With the consensus EPS estimate being $1.06, the EPS surprise was +7.55%.
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 GE HealthCare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Imaging: $2.23 billion versus the four-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of -15.4%.
- Revenues- Other: $15 million versus $10.56 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -21.1% change.
- Revenues- PDx: $625 million compared to the $634.28 million average estimate based on four analysts. The reported number represents a change of +6.1% year over year.
- Revenues- PCS: $779 million versus the four-analyst average estimate of $773.99 million. The reported number represents a year-over-year change of +2%.
View all Key Company Metrics for GE HealthCare here>>>Shares of GE HealthCare have returned -7% 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.