Agilent Technologies (NYSE: A) is set to report its third-quarter fiscal 2024 results on Aug 21.
For the fiscal third quarter, the company expects revenues of $1.535-$1.575 billion, suggesting a decline of 8.2-5.8% on a reported basis and 6.9-4.5% on a core basis from the year-ago quarter's actuals. The Zacks Consensus Estimate for the same is pegged at $1.56 billion, implying a decline of 6.6% from the year-ago quarter's reported figure.
Agilent's non-GAAP earnings per share are expected to be $1.25-$1.28. The Zacks Consensus Estimate for earnings is pegged at $1.25 per share, indicating a fall of 12.6% from the year-ago quarter's reported figure. The estimate has been revised downward by 0.8%
Agilent's earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 4.13%.
Key Factors to Note
The company is expected to have gained from the growing momentum across Agilent Cross Lab Group ("ACG") segment in the fiscal third quarter.
The ACG segment is likely to have benefited from the solid momentum across end markets and various geographic regions. Strength in services attached to new instrument installations and existing instrument base is likely to have contributed well. Growing ...
