Armstrong World Industries (AWI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Armstrong World Industries (AWI) reported $347.3 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.9%. EPS of $1.60 for the same period compares to $1.36 a year ago.
The reported revenue represents a surprise of +4.88% over the Zacks Consensus Estimate of $331.15 million. With the consensus EPS estimate being $1.30, the EPS surprise was +23.08%.
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.
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.
Here is how Armstrong World Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Architectural Specialties: $97.60 million versus the three-analyst average estimate of $99.13 million. The reported number represents a year-over-year change of +6.9%.
Revenue- Mineral Fiber: $249.70 million compared to the $232.02 million average estimate based on three analysts. The reported number represents a change of +6.9% year over year.
Adjusted Operating Income- Architectural Specialties: $17 million compared to the $13.98 million average estimate based on three analysts.
Adjusted Operating Income- Mineral Fiber: $86 million versus $70.84 million estimated by three analysts on average.
View all Key Company Metrics for Armstrong World Industries here>>>
Shares of Armstrong World Industries have returned -2.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with 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
Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report
