The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PerkinElmer's revenues will increase 0.1% and EPS will decrease -9.4%.
The average estimate for revenue is $532.9 million. On the bottom line, the average EPS estimate is $0.48.
Last quarter, PerkinElmer reported revenue of $507.3 million. GAAP reported sales were 1.1% lower than the prior-year quarter's $510.9 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 $0.36. GAAP EPS of $0.28 for Q1 were 47% higher than the prior-year quarter's $0.19 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 44.5%, 180 basis points worse than the prior-year quarter. Operating margin was 7.8%, 160 basis points worse than the prior-year quarter. Net margin was 6.4%, 200 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.16 billion. The average EPS estimate is $2.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 111 members out of 125 rating the stock outperform, and 14 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give PerkinElmer 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 PerkinElmer is outperform, with an average price target of $39.27.
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