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Danaher (DHR) Stock Moves -0.7%: What You Should Know
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Danaher (DHR - Free Report) closed the latest trading day at $254.39, indicating a -0.7% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.02%. Elsewhere, the Dow lost 1.04%, while the tech-heavy Nasdaq lost 1.65%.
Coming into today, shares of the industrial and medical device maker had gained 4.22% in the past month. In that same time, the Conglomerates sector gained 6.69%, while the S&P 500 gained 3.64%.
The investment community will be paying close attention to the earnings performance of Danaher in its upcoming release. The company's upcoming EPS is projected at $1.74, signifying a 26.27% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.64 billion, indicating a 21.31% downward movement from the same quarter last year.
DHR's full-year Zacks Consensus Estimates are calling for earnings of $7.63 per share and revenue of $24.09 billion. These results would represent year-over-year changes of +0.66% and -12.73%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Danaher. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Danaher currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Danaher is currently exchanging hands at a Forward P/E ratio of 33.58. This denotes a premium relative to the industry's average Forward P/E of 16.9.
One should further note that DHR currently holds a PEG ratio of 3.89. 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. Diversified Operations stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
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Danaher (DHR) Stock Moves -0.7%: What You Should Know
Danaher (DHR - Free Report) closed the latest trading day at $254.39, indicating a -0.7% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.02%. Elsewhere, the Dow lost 1.04%, while the tech-heavy Nasdaq lost 1.65%.
Coming into today, shares of the industrial and medical device maker had gained 4.22% in the past month. In that same time, the Conglomerates sector gained 6.69%, while the S&P 500 gained 3.64%.
The investment community will be paying close attention to the earnings performance of Danaher in its upcoming release. The company's upcoming EPS is projected at $1.74, signifying a 26.27% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.64 billion, indicating a 21.31% downward movement from the same quarter last year.
DHR's full-year Zacks Consensus Estimates are calling for earnings of $7.63 per share and revenue of $24.09 billion. These results would represent year-over-year changes of +0.66% and -12.73%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Danaher. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Danaher currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Danaher is currently exchanging hands at a Forward P/E ratio of 33.58. This denotes a premium relative to the industry's average Forward P/E of 16.9.
One should further note that DHR currently holds a PEG ratio of 3.89. 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. Diversified Operations stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.