CommScope (COMM) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - CommScope reported revenue of $1.08 billion for the quarter ended September 2024, a decrease of 32.3% year-over-year, and an EPS of -$ 0.05 compared to $0.13 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of$ 1.42 billion by 24.05%, and the EPS was significantly below the consensus estimate of $0.33, resulting in an EPS surprise of -115.15% [1] Financial Performance Metrics - Net Sales for Connectivity and Cable Solutions (CCS) were$ 736.70 million, exceeding the average estimate of $729.48 million by four analysts, representing a year-over-year increase of 16.5% [3] - Net Sales for Access Network Solutions (ANS) were$ 188 million, below the average estimate of $196.96 million, reflecting a year-over-year decline of 13.9% [3] - Net Sales for Networking, Intelligent Cellular and Security Solutions (NICS) were$ 157.50 million, significantly lower than the average estimate of $192.44 million, indicating a year-over-year decrease of 45.5% [3] - Adjusted EBITDA for NICS was$ 27.80 million, surpassing the average estimate of $17.63 million [3] - Adjusted EBITDA for ANS was$ 18.70 million, falling short of the average estimate of $45.19 million [3] - Adjusted EBITDA for CCS was$ 173.90 million, slightly above the average estimate of $161.92 million [3] Stock Performance - CommScope's shares have returned +11.2% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]