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Can PerkinElmer (PKI) Pull a Surprise this Earnings Season?
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PerkinElmer Inc. is expected to report third-quarter 2016 results on Nov 7. Last quarter, the company reported earnings of 67 cents per share which surpassed the Zacks Consensus Estimate by a penny.
Notably, on average, PerkinElmer beat the Zacks Consensus Estimate by 5.04% over the last four quarters.
Let's see how things are shaping up for this quarter.
Factors at Play
An expanding product portfolio, margin expansion and accretive acquisitions open up growth opportunities for PerkinElmer. Meanwhile, the acquisitions of Vanadis Diagnostics, Perten Instruments and Ceiba Solutions have fortified the company’s market position.
Moreover, partnerships with the likes of Sophie BioSciences, Monash Institute of Pharmacutical Sciences, Good Start Genetics and others are anticipated to drive top-line growth. New product launches and expansion into emerging markets like China, India, Indonesia, Thailand, Mexico and Brazil are expected to be key catalysts, going forward.
However, a sluggish European macro-environment, the risk of foreign exchange volatility, integration risks, a high debt level, restrained spending on research and challenges in Japan are expected to impede top-line growth in the near term.
Our proven model does not conclusively show that PerkinElmer is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: The Earnings ESP for PerkinElmer is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 66 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: PerkinElmer carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Ranks #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few stocks worth considering that, as per our model, have the right combination of elements to post an earnings beat this quarter:
Penumbra, Inc. (PEN - Free Report) has an Earnings ESP of +45.46% and a Zacks Rank #3.
Invuity, Inc. has an Earnings ESP of +1.61% and a Zacks Rank #2.
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Can PerkinElmer (PKI) Pull a Surprise this Earnings Season?
PerkinElmer Inc. is expected to report third-quarter 2016 results on Nov 7. Last quarter, the company reported earnings of 67 cents per share which surpassed the Zacks Consensus Estimate by a penny.
Notably, on average, PerkinElmer beat the Zacks Consensus Estimate by 5.04% over the last four quarters.
Let's see how things are shaping up for this quarter.
Factors at Play
An expanding product portfolio, margin expansion and accretive acquisitions open up growth opportunities for PerkinElmer. Meanwhile, the acquisitions of Vanadis Diagnostics, Perten Instruments and Ceiba Solutions have fortified the company’s market position.
Moreover, partnerships with the likes of Sophie BioSciences, Monash Institute of Pharmacutical Sciences, Good Start Genetics and others are anticipated to drive top-line growth. New product launches and expansion into emerging markets like China, India, Indonesia, Thailand, Mexico and Brazil are expected to be key catalysts, going forward.
However, a sluggish European macro-environment, the risk of foreign exchange volatility, integration risks, a high debt level, restrained spending on research and challenges in Japan are expected to impede top-line growth in the near term.
PERKINELMER INC Price and EPS Surprise
PERKINELMER INC Price and EPS Surprise | PERKINELMER INC Quote
Earnings Whispers
Our proven model does not conclusively show that PerkinElmer is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: The Earnings ESP for PerkinElmer is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 66 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: PerkinElmer carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Ranks #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few stocks worth considering that, as per our model, have the right combination of elements to post an earnings beat this quarter:
Glaukos Corporation (GKOS - Free Report) has an Earnings ESP of +100% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Penumbra, Inc. (PEN - Free Report) has an Earnings ESP of +45.46% and a Zacks Rank #3.
Invuity, Inc. has an Earnings ESP of +1.61% and a Zacks Rank #2.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>