This is what the key figures tell us about Keysight (KEYS) earnings in the third quarter

Keysight (KEYS) reported revenue of $1.22 billion for the quarter ended July 2024, down 11.9% year over year. Earnings per share of $1.57 for the same period compares to $2.19 a year ago.

The reported revenue represents a surprise of +1.99% versus the Zacks Consensus Estimate of $1.19 billion. Against a consensus earnings per share estimate of $1.35, the EPS surprise was +16.30%.

While investors closely examine year-over-year revenue and earnings changes versus Wall Street expectations to determine their next moves, some key metrics always provide a more accurate picture of a company’s financial health.

Since these metrics play a crucial role in determining sales and profit figures, investors can better assess the price development of a share by comparing it with previous year figures and analysts’ estimates.

Here’s how Keysight performed in the just-released quarter in terms of the metrics most watched and forecasted by Wall Street analysts:

• Sales – Communications Solutions Group

  : $847 million versus the three analysts’ average estimate of $815.55 million. The reported figure represents a year-over-year change of -7.7%.

• Sales – Commercial Communication

  : $572 million versus the three analysts’ average estimate of $531.04 million. The reported figure represents a year-over-year change of -6.4%.

• Revenue – Aerospace, Defense and Government

  : $275 million versus $284.51 million estimated by three analysts on average. Compared to the same quarter last year, this figure represents a change of -10.4%.

• Sales – Electronic Industrial Solutions Group

  : $370 million versus the three analysts’ average estimate of $375.76 million. The reported figure represents a year-over-year change of -20.3%.

• Result from operating activities – Electronic Industrial Solutions Group

  : $74 million versus $87.80 million estimated by three analysts on average.

• Result from operating activities – Communications Solutions Group

  : $223 million versus $217.27 million estimated by three analysts on average.

You can find all important key figures for Keysight here>>>

Keysight shares have returned -1.3% over the past month versus a change of +1.9% for the Zacks S&P 500 Composite. The stock currently has a Zacks Rank #4 (Sell), suggesting it could underperform the broader market in the near future.

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