Thermo Fisher Scientific (NYSE: TMO ) is expected to report Q2 earnings on July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Thermo Fisher Scientific's revenues will increase 3.5% and EPS will grow 7.4%.
The average estimate for revenue is $3.22 billion. On the bottom line, the average EPS estimate is $1.31.
Last quarter, Thermo Fisher Scientific booked revenue of $3.19 billion. GAAP reported sales were 4.4% higher than the prior-year quarter's $3.06 billion.
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 $1.37. GAAP EPS of $0.93 for Q1 were 24% higher than the prior-year quarter's $0.75 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 42.3%, 70 basis points worse than the prior-year quarter. Operating margin was 13.2%, 10 basis points better than the prior-year quarter. Net margin was 10.5%, 140 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $12.92 billion. The average EPS estimate is $5.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 553 members out of 574 rating the stock outperform, and 21 members rating it underperform. Among 177 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 174 give Thermo Fisher Scientific a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thermo Fisher Scientific is buy, with an average price target of $78.71.
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