CommScope (COMM) reported $1.6 billion in sales for the quarter that concluded in September 2023, a 32.8% decrease from the same time the previous year. EPS decreased to $0.13 from $0.50 in the same period last year.
The reported revenue is -0.24% less than the $1.6 billion Zacks Consensus Estimate. The EPS surprise was -7.14%, given that the consensus EPS prediction was $0.14.
Certain important measurements always offer a superior insight into a company’s underlying performance, even if investors constantly monitor year-over-year changes in headline statistics, such as sales and earnings, and how they compare to Wall Street forecasts to decide their next course of action.
Investors may more accurately predict a stock’s price performance by comparing these measures to those from a year ago and to estimates made by analysts, as these data are critical in determining both the top- and bottom-line statistics.
According to the measures that Wall Street analysts watch and predict the most, CommScope did the following in the last released quarter:
Net Sales for CCS (Connectivity and Cable Solutions) were $632.50 million as opposed to the average forecast of five analysts of $634.99 million. In terms of the previous quarter, this figure indicates a -37.2% shift.
Net Sales for Home Networks: $249.40 million as opposed to the average forecast of $255.78 million from five analysts. The stated figure indicates a -36.3% change from the previous year.
Core net sales: $1.35 billion as opposed to the five analysts’ average forecast of $1.48 billion. The stated figure indicates a -32.2% annual change from the previous year.
Networking, Intelligent Cellular, and Security Solutions’ (NICS) net sales came in at $289 million as opposed to the average $316.79 million predicted by five analysts. In terms of the previous quarter, this figure indicates a variation of +12.1%.
Net Sales for Access Network Solutions (ANS): $218.30 million as opposed to the average forecast of $308.45 million made by five analysts. In terms of the previous quarter, this figure indicates a -36.2% shift.
Net Sales for Outdoor Wireless Networks (OWN): $210.30 million as opposed to the average forecast of five analysts of $211.89 million. This figure shows a -45% change from the same quarter last year.
NICS (Networking, Intelligent Cellular, and Security Solutions) Adjusted EBITDA: $63 million as opposed to the average forecast of $74.21 million derived from three analysts.
Adjusted EBITDA for Home Networks: $3.10 million as opposed to the average expectation of $0.09 million made by three analysts.
Access Network Solutions’ (ANS) adjusted EBITDA was $58.50 million as opposed to the average of three analysts’ estimates of $57.07 million.
Core adjusted EBITDA: $245.50 million as opposed to the average forecast of three analysts of $261.47 million.
Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $78.70 million as opposed to the average forecast of ninety-nine million made by three analysts.
Compared to the three analysts’ average expectation of $40.18 million, Adjusted EBITDA-OWN (Outdoor Wireless Networks) was $45.30 million.