Singapore markets close in 6 hours 6 minutes

  • Straits Times Index

    3,224.10
    +17.11 (+0.53%)
     

  • Nikkei

    31,836.24
    -36.28 (-0.11%)
     

  • Hang Seng

    17,758.25
    +385.22 (+2.22%)
     

  • FTSE 100

    7,601.85
    +8.63 (+0.11%)
     

  • Bitcoin USD

    26,906.12
    +535.85 (+2.03%)
     

  • CMC Crypto 200

    578.16
    +13.36 (+2.37%)
     

  • S&P 500

    4,299.70
    +25.19 (+0.59%)
     

  • Dow

    33,666.34
    +116.07 (+0.35%)
     

  • Nasdaq

    13,201.28
    +108.43 (+0.83%)
     

  • Gold

    1,882.80
    +4.20 (+0.22%)
     

  • Crude Oil

    92.04
    +0.33 (+0.36%)
     

  • 10-Yr Bond

    4.5970
    -0.0290 (-0.63%)
     

  • FTSE Bursa Malaysia

    1,427.66
    -12.45 (-0.86%)
     

  • Jakarta Composite Index

    6,969.62
    +31.79 (+0.46%)
     

  • PSE Index

    6,357.25
    -28.27 (-0.44%)
     

Generac Holdings (GNRC) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

For the quarter ended March 2023, Generac Holdings (GNRC) reported revenue of $887.91 million, down 21.8% over the same period last year. EPS came in at $0.63, compared to $2.09 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $840.06 million, representing a surprise of +5.70%. The company delivered an EPS surprise of +21.15%, with the consensus EPS estimate being $0.52.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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

  • Geographic Revenue- Domestic: $719.99 million versus the four-analyst average estimate of $660.77 million.

  • Geographic Revenue- International: $216.47 million compared to the $167.45 million average estimate based on four analysts.

  • Revenue- Residential products: $418.86 million versus $409.89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -46.1% change.

  • Revenue- Other: $106.06 million compared to the $102.28 million average estimate based on five analysts. The reported number represents a change of +32.3% year over year.

  • Revenue- Commercial & industrial products: $362.99 million versus the five-analyst average estimate of $322.18 million. The reported number represents a year-over-year change of +30.2%.

View all Key Company Metrics for Generac Holdings here>>>

Shares of Generac Holdings have returned +1% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform 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

Generac Holdings Inc. (GNRC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research