Analysts on Wall Street project that Nordson (NDSN) will announce quarterly earnings of $3.09 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $779 million, increasing 5.1% from the same quarter last year.

The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific Nordson metrics that are commonly monitored and projected by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Net Sales- Industrial Precision Solutions' of $363.91 million. The estimate indicates a change of +3.7% from the prior-year quarter.

Analysts' assessment points toward 'Net Sales- Advanced Technology Solutions' reaching $190.91 million. The estimate indicates a year-over-year change of +11.5%.

It is projected by analysts that the 'Net Sales- Medical and Fluid Solutions' will reach $224.43 million. The estimate indicates a change of +2.3% from the prior-year quarter.

View all Key Company Metrics for Nordson here>>>

Over the past month, shares of Nordson have returned +5.7% versus the Zacks S&P 500 composite's +3.8% change. Currently, NDSN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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This article originally published on Zacks Investment Research (zacks.com).

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