Golf Clap for Thermo Fisher Scientific
Thermo Fisher Scientific (NYS: TMO) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q2), Thermo Fisher Scientific met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share increased significantly.
Gross margins expanded, operating margins dropped, net margins grew.
Thermo Fisher Scientific tallied revenue of $3.24 billion. The 13 analysts polled by S&P Capital IQ looked for revenue of $3.22 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 $1.32. The 17 earnings estimates compiled by S&P Capital IQ averaged $1.31 per share. Non-GAAP EPS of $1.32 for Q2 were 8.2% higher than the prior-year quarter's $1.22 per share. (The prior-year quarter included -$0.16 per share in earnings from discontinued operations.) GAAP EPS of $0.76 for Q2 were 21% higher than the prior-year quarter's $0.63 per share. (The prior-year quarter included -$0.16 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 43.8%, 90 basis points better than the prior-year quarter. Operating margin was 12.2%, 90 basis points worse than the prior-year quarter. Net margin was 8.6%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.19 billion. On the bottom line, the average EPS estimate is $1.28.
Next year's average estimate for revenue is $12.92 billion. The average EPS estimate is $5.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 554 members out of 576 rating the stock outperform, and 22 members rating it underperform. Among 176 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 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 $95.23.
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The article Golf Clap for Thermo Fisher Scientific originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Thermo Fisher Scientific. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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