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What key metrics have to say

Posted on by darion

Heico Corporation (HEI) reported revenues of $955.4 million for the quarter ended April 2024, up 38.9% year-over-year. EPS of $0.88 for the same period compared to $0.76 a year ago.

Reported revenues are in line with the Zacks Consensus Estimate of $943.55 Million, representing a surprise of +1.26%. The company had an EPS surprise of +10.00%, with the consensus EPS estimate coming in at $0.80.

While investors closely monitor year-over-year changes in key numbers – revenue and earnings – and how they compare to Wall Street expectations to determine their next course of action, certain key metrics always provide greater insight into a company’s underlying performance.

Because these metrics play a key role in shaping financial performance and earnings, comparing them to year-ago data and analyst estimates helps investors better predict stock price performance.

Here are Heico’s results in the just-reported quarter in terms of metrics most frequently monitored and predicted by Wall Street analysts:

  • Net sales – Electronic Technologies Group (ETG): $319.32 million compared to the $346.47 million estimated by four analysts on average. Compared to the previous year’s quarter, this number represents a change of 5.8%.

  • Net Sales – Flight Support Group (FSG): $647.23 million compared to the average estimate of $601.62 million from four analysts. The figure represents a year-on-year change of +65%.

  • Net sales – corporate and cross-segment: -$11.16M compared to the average estimate of -$8.39M based on three analysts. The figure represents a change of +82.3% year-on-year.

  • Operating Revenues – Flight Support Group: $148.88 million compared to the average estimate of $130.67 million based on three analysts.

  • Operating income – Other, mainly corporate: -$14.99 million compared to -$16.04 million estimated by three analysts on average.

  • Operating revenues – Electronic Technologies Group: $75.26 million compared to the $75.27 million estimated by three analysts on average.

View all key company metrics for Heico here>>>

Heico shares have gained 4.7% over the past month, compared to a +4.2% change for the Zacks S&P 500 composite. The stock is currently sporting a Zacks Rank #2 (Buy), which indicates that it may be trading higher in the near future outperforming the broader market.

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