Danaher (DHR - Free Report) closed at $319.28 in the latest trading session, marking a +0.32% move from the prior day. This move outpaced the S&P 500's daily loss of 0.72%.
Prior to today's trading, shares of the industrial and medical device maker had gained 5.37% over the past month. This has outpaced the Conglomerates sector's loss of 2.59% and the S&P 500's gain of 0.11% in that time.
Wall Street will be looking for positivity from Danaher as it approaches its next earnings report date. The company is expected to report EPS of $2.50, up 20.19% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.76 billion, up 14.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.80 per share and revenue of $29.07 billion, which would represent changes of +55.31% and +30.47%, respectively, from the prior year.
Any recent changes to analyst estimates for Danaher should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Danaher is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Danaher has a Forward P/E ratio of 32.46 right now. Its industry sports an average Forward P/E of 17.83, so we one might conclude that Danaher is trading at a premium comparatively.
We can also see that DHR currently has a PEG ratio of 1.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% 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.
To follow DHR in the coming trading sessions, be sure to utilize Zacks.com.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Danaher (DHR - Free Report) closed at $319.28 in the latest trading session, marking a +0.32% move from the prior day. This move outpaced the S&P 500's daily loss of 0.72%.
Prior to today's trading, shares of the industrial and medical device maker had gained 5.37% over the past month. This has outpaced the Conglomerates sector's loss of 2.59% and the S&P 500's gain of 0.11% in that time.
Wall Street will be looking for positivity from Danaher as it approaches its next earnings report date. The company is expected to report EPS of $2.50, up 20.19% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.76 billion, up 14.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.80 per share and revenue of $29.07 billion, which would represent changes of +55.31% and +30.47%, respectively, from the prior year.
Any recent changes to analyst estimates for Danaher should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Danaher is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Danaher has a Forward P/E ratio of 32.46 right now. Its industry sports an average Forward P/E of 17.83, so we one might conclude that Danaher is trading at a premium comparatively.
We can also see that DHR currently has a PEG ratio of 1.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% 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.
To follow DHR in the coming trading sessions, be sure to utilize Zacks.com.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Get the latest research report on DHR - FREE