The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PerkinElmer's revenues will grow 2.9% and EPS will grow 11.6%.
The average estimate for revenue is $532.3 million. On the bottom line, the average EPS estimate is $0.48.
Last quarter, PerkinElmer recorded revenue of $577.0 million. GAAP reported sales were 6.2% higher than the prior-year quarter's $539.3 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 $0.65. GAAP EPS were -$0.14 for Q4 versus -$0.74 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 45.7%, 70 basis points better than the prior-year quarter. Operating margin was 8.4%, 920 basis points better than the prior-year quarter. Net margin was -2.8%, much better than the prior-year quarter.
The full year's average estimate for revenue is $2.24 billion. The average EPS estimate is $2.29.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 108 members out of 121 rating the stock outperform, and 13 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give PerkinElmer a green thumbs-up, and four 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 $34.57.
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