Thermo Fisher Scientific
The 10-second takeaway
For the quarter ended March 30 (Q1), Thermo Fisher Scientific met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Gross margins grew, operating margins shrank, net margins increased.
Thermo Fisher Scientific logged revenue of $3.19 billion. The 13 analysts polled by S&P Capital IQ predicted a top line of $3.17 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 $1.37. The 16 earnings estimates compiled by S&P Capital IQ forecast $1.29 per share. Non-GAAP EPS of $1.37 for Q1 were 17% higher than the prior-year quarter's $1.17 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.93 for Q1 were 24% higher than the prior-year quarter's $0.75 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.6%, 50 basis points better than the prior-year quarter. Operating margin was 12.8%, 30 basis points worse than the prior-year quarter. Net margin was 10.5%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.24 billion. On the bottom line, the average EPS estimate is $1.34.
Next year's average estimate for revenue is $12.97 billion. The average EPS estimate is $5.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 552 members out of 573 rating the stock outperform, and 21 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 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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