The 10-second takeaway
For the quarter ended June 28 (Q2), Danaher met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins increased, operating margins grew, net margins dropped.
Danaher tallied revenue of $4.74 billion. The 14 analysts polled by S&P Capital IQ foresaw a top line of $4.72 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.87. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.85 per share. GAAP EPS of $0.87 for Q2 were 3.6% higher than the prior-year quarter's $0.84 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 52.7%, 100 basis points better than the prior-year quarter. Operating margin was 17.8%, 40 basis points better than the prior-year quarter. Net margin was 13.0%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $0.85.
Next year's average estimate for revenue is $18.97 billion. The average EPS estimate is $3.41.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 524 members out of 547 rating the stock outperform, and 23 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 172 give Danaher 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 Danaher is outperform, with an average price target of $66.55.
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