ASGN Inc (ASGN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
2 min read

For the quarter ended September 2023, ASGN Inc (ASGN) reported revenue of $1.12 billion, down 6.8% over the same period last year. EPS came in at $1.68, compared to $1.79 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of +0.61%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $1.56.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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

  • Revenues- Federal Government: $334.40 million versus the three-analyst average estimate of $318.83 million. The reported number represents a year-over-year change of +12.3%.

  • Revenues- Commercial: $782.40 million compared to the $791.16 million average estimate based on three analysts. The reported number represents a change of -13.1% year over year.

  • Revenues- Commercial - Consulting: $274.20 million compared to the $285.23 million average estimate based on two analysts. The reported number represents a change of +2.1% year over year.

  • Revenues- Commercial - Assignment: $508.20 million versus the two-analyst average estimate of $508.40 million. The reported number represents a year-over-year change of -19.5%.

View all Key Company Metrics for ASGN Inc here>>>

Shares of ASGN Inc have returned -3.5% over the past month versus the Zacks S&P 500 composite's -1.6% 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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