CommScope (COMM) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks
07 Nov 2024

For the quarter ended September 2024, CommScope (COMM) reported revenue of $1.08 billion, down 32.3% over the same period last year. EPS came in at -$0.05, compared to $0.13 in the year-ago quarter.

The reported revenue represents a surprise of -24.05% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -115.15%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how CommScope performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- CCS (Connectivity and Cable Solutions): $736.70 million versus $729.48 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change.
  • Net Sales- ANS (Access Network Solutions): $188 million compared to the $196.96 million average estimate based on four analysts. The reported number represents a change of -13.9% year over year.
  • Net Sales- NICS (Networking, Intelligent Cellular and Security Solutions): $157.50 million compared to the $192.44 million average estimate based on four analysts. The reported number represents a change of -45.5% year over year.
  • Adjusted EBITDA- NICS (Networking, Intelligent Cellular and Security Solutions): $27.80 million versus $17.63 million estimated by two analysts on average.
  • Adjusted EBITDA- ANS (Access Network Solutions): $18.70 million versus the two-analyst average estimate of $45.19 million.
  • Adjusted EBITDA- CCS (Connectivity and Cable Solutions): $173.90 million compared to the $161.92 million average estimate based on two analysts.
View all Key Company Metrics for CommScope here>>>

Shares of CommScope have returned +11.2% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CommScope Holding Company, Inc. (COMM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10