Here's What Key Metrics Tell Us About nVent Q2 Earnings

For the quarter ended June 2024, nVent Electric NVT reported revenue of $880.3 million, up 9.6% over the same period last year. EPS came in at $0.82, compared to $0.77 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $891.63 million, representing a surprise of -1.27%. The company delivered an EPS surprise of -1.20%, with the consensus EPS estimate being $0.83.

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 nVent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Sales- Enclosures

  : $440.80 million versus $439.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.

• Net Sales- Electrical & Fastening Solutions

  : $299 million versus $316.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.

• Net Sales- Thermal Management

  : $140.50 million versus the two-analyst average estimate of $138.40 million. The reported number represents a year-over-year change of +3.1%.

• Segment income (loss)- Enclosures

  : $103.80 million compared to the $97.63 million average estimate based on two analysts.

• Segment income (loss)- Electrical & Fastening Solutions

  : $92.50 million compared to the $101.20 million average estimate based on two analysts.

• Segment income (loss)- Thermal Management

  : $28 million versus $29.41 million estimated by two analysts on average.

Shares of nVent have returned -18.4% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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