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What's in the Cards for Mettler-Toledo's (MTD) Q3 Earnings?
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Mettler-Toledo International, Inc. (MTD - Free Report) is scheduled to report third-quarter 2021 results on Nov 4.
For the third quarter, the company anticipates year-over-year sales growth between 11% and 13% in local currency. The Zacks Consensus Estimate for the same is pegged at $925.03 million, indicating growth of 14.6% from the year-ago reported figure.
Further, adjusted quarterly earnings are anticipated to be $8.12-$8.27 per share, implying a 16-18% rise from the year-ago quarter’s reported figure. The consensus mark for the same is projected at $8.25 per share, suggesting a year-over-year rise of 17.5%.
We note that the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 11.23%.
MettlerToledo International, Inc. Price and EPS Surprise
The impacts of Mettler-Toledo’s solid momentum across Laboratory, Food Retail and Industrial segments are expected to get reflected in the soon-to-be-reported quarterly results.
Portfolio strength, cost-cutting efforts, robust sales and marketing strategies, and margin and productivity initiatives are expected to have aided the third-quarter performance.
The company’s robust automated chemistry solutions are expected to have aided Mettler-Toledo’s momentum across the drug process development field in the third quarter.
Its investments in product portfolio expansion, field force, Spinnaker sales and marketing programs are likely to have driven sales growth for the Laboratory Instruments segment in the quarter under review.
A strong momentum across pharmaceutical and life sciences markets is expected to have benefited the segment in the quarter under discussion.
Solid momentum across the core industrial business is likely to have driven the Industrial Instruments segment’s sales in the to-be-reported quarter.
Strengthening momentum across the Food Retail segment is expected to have contributed well to the company’s top-line growth in the third quarter.
However, headwinds related to the coronavirus outbreak are likely to have posed challenges for the company in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Mettler-Toledo this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Mettler-Toledo has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may also consider, as our model shows that these have the right combination of elements to beat on earnings this season.
HP Inc. (HPQ - Free Report) has an Earnings ESP of +1.89% and it currently sports a Zacks Rank of 1.
Applied Materials (AMAT - Free Report) has an Earnings ESP of +0.52% and a Zacks Rank of 2 at present.
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What's in the Cards for Mettler-Toledo's (MTD) Q3 Earnings?
Mettler-Toledo International, Inc. (MTD - Free Report) is scheduled to report third-quarter 2021 results on Nov 4.
For the third quarter, the company anticipates year-over-year sales growth between 11% and 13% in local currency. The Zacks Consensus Estimate for the same is pegged at $925.03 million, indicating growth of 14.6% from the year-ago reported figure.
Further, adjusted quarterly earnings are anticipated to be $8.12-$8.27 per share, implying a 16-18% rise from the year-ago quarter’s reported figure. The consensus mark for the same is projected at $8.25 per share, suggesting a year-over-year rise of 17.5%.
We note that the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 11.23%.
MettlerToledo International, Inc. Price and EPS Surprise
MettlerToledo International, Inc. price-eps-surprise | MettlerToledo International, Inc. Quote
Key Factors to Consider
The impacts of Mettler-Toledo’s solid momentum across Laboratory, Food Retail and Industrial segments are expected to get reflected in the soon-to-be-reported quarterly results.
Portfolio strength, cost-cutting efforts, robust sales and marketing strategies, and margin and productivity initiatives are expected to have aided the third-quarter performance.
The company’s robust automated chemistry solutions are expected to have aided Mettler-Toledo’s momentum across the drug process development field in the third quarter.
Its investments in product portfolio expansion, field force, Spinnaker sales and marketing programs are likely to have driven sales growth for the Laboratory Instruments segment in the quarter under review.
A strong momentum across pharmaceutical and life sciences markets is expected to have benefited the segment in the quarter under discussion.
Solid momentum across the core industrial business is likely to have driven the Industrial Instruments segment’s sales in the to-be-reported quarter.
Strengthening momentum across the Food Retail segment is expected to have contributed well to the company’s top-line growth in the third quarter.
However, headwinds related to the coronavirus outbreak are likely to have posed challenges for the company in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Mettler-Toledo this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Mettler-Toledo has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may also consider, as our model shows that these have the right combination of elements to beat on earnings this season.
HP Inc. (HPQ - Free Report) has an Earnings ESP of +1.89% and it currently sports a Zacks Rank of 1.
Applied Materials (AMAT - Free Report) has an Earnings ESP of +0.52% and a Zacks Rank of 2 at present.
NetApp, Inc. (NTAP - Free Report) has an Earnings ESP of +3.70% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.