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Thermo Fisher Scientific (TMO) Gains As Market Dips: What You Should Know
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In the latest trading session, Thermo Fisher Scientific (TMO - Free Report) closed at $545.44, marking a +0.88% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the maker of scientific instrument and laboratory supplies had gained 0.12% over the past month. This has lagged the Medical sector's gain of 0.95% and outpaced the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Thermo Fisher Scientific as it approaches its next earnings report date. The company is expected to report EPS of $5.19, down 20.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.36 billion, down 3.21% from the year-ago period.
TMO's full-year Zacks Consensus Estimates are calling for earnings of $23.04 per share and revenue of $43.82 billion. These results would represent year-over-year changes of -8.32% and +11.76%, respectively.
It is also important to note the recent changes to analyst estimates for Thermo Fisher Scientific. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Thermo Fisher Scientific currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Thermo Fisher Scientific has a Forward P/E ratio of 23.47 right now. This represents a discount compared to its industry's average Forward P/E of 28.3.
Also, we should mention that TMO has a PEG ratio of 1.88. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Instruments industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Thermo Fisher Scientific (TMO) Gains As Market Dips: What You Should Know
In the latest trading session, Thermo Fisher Scientific (TMO - Free Report) closed at $545.44, marking a +0.88% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the maker of scientific instrument and laboratory supplies had gained 0.12% over the past month. This has lagged the Medical sector's gain of 0.95% and outpaced the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Thermo Fisher Scientific as it approaches its next earnings report date. The company is expected to report EPS of $5.19, down 20.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.36 billion, down 3.21% from the year-ago period.
TMO's full-year Zacks Consensus Estimates are calling for earnings of $23.04 per share and revenue of $43.82 billion. These results would represent year-over-year changes of -8.32% and +11.76%, respectively.
It is also important to note the recent changes to analyst estimates for Thermo Fisher Scientific. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Thermo Fisher Scientific currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Thermo Fisher Scientific has a Forward P/E ratio of 23.47 right now. This represents a discount compared to its industry's average Forward P/E of 28.3.
Also, we should mention that TMO has a PEG ratio of 1.88. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Instruments industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.