Advertisement
Singapore markets open in 3 hours 43 minutes

  • Straits Times Index

    3,348.87
    +12.28 (+0.37%)
     

  • S&P 500

    5,283.40
    +5.89 (+0.11%)
     

  • Dow

    38,571.03
    -115.29 (-0.30%)
     

  • Nasdaq

    16,828.67
    +93.65 (+0.56%)
     

  • Bitcoin USD

    69,109.29
    +1,271.71 (+1.87%)
     

  • CMC Crypto 200

    1,450.10
    -17.83 (-1.21%)
     

  • FTSE 100

    8,262.75
    -12.63 (-0.15%)
     

  • Gold

    2,371.40
    +25.60 (+1.09%)
     

  • Crude Oil

    74.00
    -2.99 (-3.88%)
     

  • 10-Yr Bond

    4.4020
    -0.1120 (-2.48%)
     

  • Nikkei

    38,923.03
    +435.13 (+1.13%)
     

  • Hang Seng

    18,403.04
    +323.43 (+1.79%)
     

  • FTSE Bursa Malaysia

    1,596.68
    -7.58 (-0.47%)
     

  • Jakarta Composite Index

    7,036.19
    -6,970.74 (-49.77%)
     

  • PSE Index

    6,470.74
    +37.64 (+0.59%)
     

Mettler-Toledo (MTD) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Mettler-Toledo (MTD) reported revenue of $925.95 million, down 0.3% over the same period last year. EPS came in at $8.89, compared to $8.69 in the year-ago quarter.

The reported revenue represents a surprise of +5.14% over the Zacks Consensus Estimate of $880.7 million. With the consensus EPS estimate being $7.61, the EPS surprise was +16.82%.

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.

ADVERTISEMENT

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

  • Net sales- Products: $700.97 million versus the four-analyst average estimate of $679.14 million. The reported number represents a year-over-year change of -2.1%.

  • Net sales- Retail: $49.05 million compared to the $52.02 million average estimate based on two analysts. The reported number represents a change of -8.4% year over year.

  • Net sales- Industrial: $351.85 million versus the two-analyst average estimate of $329.90 million. The reported number represents a year-over-year change of -0.9%.

  • Net sales- Service (Point in Time+Over Time): $224.98 million versus the two-analyst average estimate of $204.11 million. The reported number represents a year-over-year change of +5.8%.

  • Net sales- Laboratory: $525.06 million versus the two-analyst average estimate of $498.64 million. The reported number represents a year-over-year change of +1%.

View all Key Company Metrics for Mettler-Toledo here>>>

Shares of Mettler-Toledo have returned -1.6% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #4 (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

Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research