The upcoming report from The Cooper Companies (COO) is expected to reveal quarterly earnings of $1.03 per share, indicating an increase of 12% compared to the year-ago period. Analysts forecast revenues of $1.03 billion, representing an increase of 6.3% year over year.
The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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 investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific The Cooper Companies metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue by Category- CVI' will likely reach $695.39 million. The estimate indicates a change of +7.6% from the prior-year quarter.
Analysts predict that the 'Revenue by Category- CSI' will reach $329.80 million. The estimate indicates a year-over-year change of +3.5%.
According to the collective judgment of analysts, 'Revenue by Category- CSI- Office and surgical' should come in at $205.41 million. The estimate indicates a change of +3.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue by Category- CSI- Fertility' should arrive at $124.32 million. The estimate points to a change of +3.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue by Category- CVI- Sphere, other' reaching $347.61 million. The estimate indicates a year-over-year change of +6.4%.
Analysts forecast 'Revenue by Category- CVI- Toric and multifocal' to reach $348.23 million. The estimate points to a change of +9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue by Geography- Americas' of $289.40 million. The estimate suggests a change of +6.8% year over year.
The consensus estimate for 'Revenue by Geography- Asia Pacific' stands at $136.81 million. The estimate indicates a change of +6.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue by Geography- EMEA' at $269.49 million. The estimate suggests a change of +9.3% year over year.
View all Key Company Metrics for The Cooper Companies here>>>
Shares of The Cooper Companies have experienced a change of +2.8% in the past month compared to the -1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), COO is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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The Cooper Companies, Inc. (COO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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