Johnson Controls (JCI) reported $7.13 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.9%. EPS of $1.03 for the same period compares to $0.85 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.19 billion, representing a surprise of -0.75%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.03.
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.
Here is how Johnson Controls performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Building Solutions North America: $2.67 billion compared to the $2.70 billion average estimate based on four analysts. The reported number represents a change of +9.9% year over year.
- Net Sales- Building Solutions EMEA/LA: $1.05 billion versus $1.05 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
- Net Sales- Building Solutions Asia Pacific: $736 million versus the four-analyst average estimate of $727.70 million. The reported number represents a year-over-year change of +10.7%.
- Net Sales- Global Products: $2.69 billion versus $2.74 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
- Total Segment Adjusted EBITA- Global Products: $593 million compared to the $594.43 million average estimate based on four analysts.
- Total Segment Adjusted EBITA- Corporate Expense: -$78 million versus the three-analyst average estimate of -$86.17 million.
Shares of Johnson Controls have returned +3.5% over the past month versus the Zacks S&P 500 composite's +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.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.Johnson Controls International plc (JCI) : 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.
