For the quarter ended September 2024, Tenaris SA (TS) reported revenue of $2.92 billion, down 10% from the same period last year. EPS amounted to $0.81, compared to $0.91 in the corresponding quarter of the previous year.

The reported earnings represented a surprise of +5.82% compared to the Zacks Consensus Estimate of $2.76 billion. With the consensus EPS estimate being $0.63, the EPS surprise was +28.57%.

As investors look at year-over-year revenue and earnings trends and how they compare to Wall Street expectations to determine where they’re headed next, certain key metrics still offer a clearer picture of financial health. of a company.

Since these metrics influence top-line and bottom-line performance, comparing them to last year’s numbers and analyst estimates helps investors more accurately project share price performance. of an action.

Here is how Tenaris performed in the just-released quarter in terms of the metrics most widely watched and projected by Wall Street analysts:

• Tubes Sales Volume – Seamless: 746 Kmt against the average estimate of two analysts of 713.79 Kmt.

• Total tube sales volume: 937 Kmt compared to the average estimate of 897.08 Kmt based on two analysts.

• Tubes Sales Volume – Welded: 191 Kmt against 183.3 Kmt estimated by two analysts on average.

• Net Sales- Tubes- North America: $1.27 billion, compared to $1.06 billion on average according to two analysts.

• Net sales – Tubes – Asia Pacific, Middle East and Africa: $754 million versus two analysts’ average estimate of $744.57 million.

• Net sales- Tubes- Europe: $280 million versus $257.55 million estimated on average by two analysts.

• Net Sales- Tubes- South America: $484 million versus $487.49 million estimated on average by two analysts.

• Income – Other: $125 million compared to the average estimate of $231.54 million based on two analysts. The reported number represents a -12.6% year-over-year change.

• Income – Hits: $2.79 billion, compared to $2.55 billion on average according to two analysts. The reported number represents a -9.9% year-over-year change.

View all key company metrics for Tenaris here>>>

Shares of Tenaris have returned +6.7% over the past month, compared to the +0.7% change in the Zacks S&P 500 composite. The stock currently has a Zacks Rank #3 (Hold), which indicates that it could move in line with the market as a whole in the short term.

Want the latest recommendations from Zacks Investment Research? Today you can download the 7 best stocks for the next 30 days. Click to get this free report

Tenaris SA (TS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investing Research