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Oct 22, 2024 11:10 AM

Earnings Outlook For Thermo Fisher Scientific

Thermo Fisher Scientific (NYSE:TMO) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Thermo Fisher Scientific to report an earnings per share (EPS) of $5.25.

The market awaits Thermo Fisher Scientific's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.25, leading to a 3.44% increase in the share price on the subsequent day.

Here's a look at Thermo Fisher Scientific's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

5.12

4.71

5.64

5.61

EPS Actual

5.37

5.11

5.67

5.69

Price Change %

3.0%

-1.0%

2.0%

2.0%

Tracking Thermo Fisher Scientific's Stock Performance

Shares of Thermo Fisher Scientific were trading at $595.37 as of October 21. Over the last 52-week period, shares are up 36.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Thermo Fisher Scientific

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Thermo Fisher Scientific.

The consensus rating for Thermo Fisher Scientific is Outperform, derived ...

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