Thermo Fisher Scientific
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Thermo Fisher Scientific beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins expanded across the board.
Thermo Fisher Scientific logged revenue of $3.26 billion. The 16 analysts polled by S&P Capital IQ expected to see revenue of $3.15 billion on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $3.13 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.36. The 19 earnings estimates compiled by S&P Capital IQ averaged $1.28 per share. GAAP EPS of $1.04 for Q4 were 35% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.3%, 180 basis points better than the prior-year quarter. Operating margin was 13.2%, 60 basis points better than the prior-year quarter. Net margin was 11.5%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.19 billion. On the bottom line, the average EPS estimate is $1.29.
Next year's average estimate for revenue is $12.94 billion. The average EPS estimate is $5.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 550 members out of 571 rating the stock outperform, and 21 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 178 give Thermo Fisher Scientific 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 Thermo Fisher Scientific is outperform, with an average price target of $68.28.
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