Here's What Key Metrics Tell Us About Inogen (INGN) Q2 Earnings
For the quarter ended June 2023, Inogen (INGN) reported revenue of $83.64 million, down 19.1% over the same period last year. EPS came in at -$0.42, compared to -$0.02 in the year-ago quarter.
The reported revenue represents a surprise of -10.33% over the Zacks Consensus Estimate of $93.27 million. With the consensus EPS estimate being -$0.64, the EPS surprise was +34.38%.
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 Inogen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Business-to-Business International Sales: $23.29 million compared to the $27.07 million average estimate based on three analysts. The reported number represents a change of -37.8% year over year.
Business-to-Business Domestic Sales: $18.27 million compared to the $20.31 million average estimate based on three analysts. The reported number represents a change of +63% year over year.
Direct-to-Consumer Domestic Sales: $26.78 million compared to the $31.30 million average estimate based on three analysts. The reported number represents a change of -34.1% year over year.
Sales revenue: $68.34 million versus the three-analyst average estimate of $76.88 million. The reported number represents a year-over-year change of -23.5%.
Rental revenue: $15.29 million compared to the $16.46 million average estimate based on three analysts. The reported number represents a change of +8.6% year over year.
Direct-to-Consumer Domestic Rentals: $15.29 million compared to the $16.76 million average estimate based on two analysts. The reported number represents a change of +8.6% year over year.
Gross profit- Rental revenue: $7.73 million versus $8.45 million estimated by two analysts on average.
Gross profit- Sales revenue: $26.32 million versus $28.79 million estimated by two analysts on average.
View all Key Company Metrics for Inogen here>>>
Shares of Inogen have returned -26.5% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Inogen, Inc (INGN) : Free Stock Analysis Report
