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Here's What Key Metrics Tell Us About Revvity (RVTY) Q3 Earnings
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Revvity (RVTY - Free Report) reported $684.05 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2%. EPS of $1.28 for the same period compares to $1.18 a year ago.
The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $677.62 million. With the consensus EPS estimate being $1.13, the EPS surprise was +13.27%.
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 Revvity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Organic revenue growth - Life Sciences: -3% versus 1% estimated by two analysts on average.
Organic revenue growth - Total: 2% versus the two-analyst average estimate of 1.8%.
Organic revenue growth - Diagnostics: 5% compared to the 2.5% average estimate based on two analysts.
Net Sales- Life Sciences: $300.92 million compared to the $310.84 million average estimate based on four analysts. The reported number represents a change of -2.3% year over year.
Net Sales- Diagnostics: $383.33 million versus $370.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
Shares of Revvity have returned -2.4% 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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Here's What Key Metrics Tell Us About Revvity (RVTY) Q3 Earnings
Revvity (RVTY - Free Report) reported $684.05 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2%. EPS of $1.28 for the same period compares to $1.18 a year ago.
The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $677.62 million. With the consensus EPS estimate being $1.13, the EPS surprise was +13.27%.
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 Revvity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Organic revenue growth - Life Sciences: -3% versus 1% estimated by two analysts on average.
- Organic revenue growth - Total: 2% versus the two-analyst average estimate of 1.8%.
- Organic revenue growth - Diagnostics: 5% compared to the 2.5% average estimate based on two analysts.
- Net Sales- Life Sciences: $300.92 million compared to the $310.84 million average estimate based on four analysts. The reported number represents a change of -2.3% year over year.
- Net Sales- Diagnostics: $383.33 million versus $370.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
View all Key Company Metrics for Revvity here>>>Shares of Revvity have returned -2.4% 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.