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PerkinElmer (NYSE: PKI ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict PerkinElmer's revenues will improve 12.2% and EPS will increase 11.9%.
The average estimate for revenue is $537.8 million. On the bottom line, the average EPS estimate is $0.47.
Last quarter, PerkinElmer recorded revenue of $510.9 million. GAAP reported sales were 14% higher than the prior-year quarter's $447.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.43. GAAP EPS of $0.19 for Q1 were 14% lower than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 46.3%, 150 basis points better than the prior-year quarter. Operating margin was 9.4%, 60 basis points worse than the prior-year quarter. Net margin was 4.4%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.16 billion. The average EPS estimate is $1.99.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 121 members out of 133 rating the stock outperform, and 12 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give PerkinElmer a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PerkinElmer is outperform, with an average price target of $29.50.
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