For the quarter ended June 2024, CAE (CAE) reported revenue of $783.87 million, down 0.2% over the same period last year. EPS came in at $0.15, compared to $0.18 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $766.68 million, representing a surprise of +2.24%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.15.
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.
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 CAE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Civil Aviation Training Solutions - SEU
: 279 versus 283 estimated by seven analysts on average.Civil Aviation Training Solutions - FFS deliveries
: 8 versus 7 estimated by seven analysts on average.Civil Aviation Training Solutions - Utilization rate
: 76% compared to the 76.2% average estimate based on six analysts.Civil Aviation Training Solutions - FFSs in CAE's network
: 349 versus 347 estimated by four analysts on average.
Shares of CAE have returned -12.6% over the past month versus the Zacks S&P 500 composite's -4.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Free Report – 3 Stocks Sneaking Into Hydrogen Energy
Demand for clean hydrogen energy is projected to reach $500 billion by 2030 and grow 5-FOLD by 2050. No guarantees, but three companies are quietly getting the jump on their competition.
Zacks Investment Research is temporarily offering an urgent Special Report naming and explaining these emerging powerhouses primed to boom. Click below for Hydrogen Energy: 3 Industrial Giants to Ride the Next Renewable Energy Wave.
See Stocks Now >>CAE Inc (CAE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
