The upcoming report from Amphenol (APH) is expected to reveal quarterly earnings of $0.79 per share, indicating an increase of 58% compared to the year-ago period. Analysts forecast revenues of $5.48 billion, representing an increase of 35.6% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Amphenol metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Harsh Environment Solutions' at $1.43 billion. The estimate indicates a year-over-year change of +19.6%.
Based on the collective assessment of analysts, 'Net Sales- Interconnect and Sensor Systems' should arrive at $1.28 billion. The estimate indicates a change of +10.1% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Communications Solutions' will reach $2.78 billion. The estimate points to a change of +64.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Income- Interconnect and Sensor Systems' of $358.92 million. Compared to the present estimate, the company reported $217.60 million in the same quarter last year.
Analysts expect 'Operating Income- Communications Solutions' to come in at $754.09 million. The estimate is in contrast to the year-ago figure of $431.00 million.
Analysts predict that the 'Operating Income- Harsh Environment Solutions' will reach $329.75 million. The estimate compares to the year-ago value of $283.70 million.
View all Key Company Metrics for Amphenol here>>>
Shares of Amphenol have demonstrated returns of +4.3% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #1 (Strong Buy), APH is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Amphenol Corporation (APH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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