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Danaher (DHR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Danaher (DHR - Free Report) reported revenue of $5.8 billion, down 19.1% over the same period last year. EPS came in at $1.92, compared to $2.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.64 billion, representing a surprise of +2.85%. The company delivered an EPS surprise of +11.63%, with the consensus EPS estimate being $1.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Danaher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Growth - Organic sales (Core): -4% versus -6.9% estimated by four analysts on average.
Total sales- Diagnostics: $2.53 billion versus the four-analyst average estimate of $2.43 billion. The reported number represents a year-over-year change of +6.4%.
Total sales- Life Sciences: $1.75 billion versus $1.72 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.
Total sales- Biotechnology: $1.52 billion versus the four-analyst average estimate of $1.49 billion.
Operating profit- Life Sciences: $235 million versus $288.47 million estimated by three analysts on average.
Operating profit- Biotechnology: $325 million versus $350.46 million estimated by three analysts on average.
Operating profit- Other: -$78 million versus -$71.44 million estimated by three analysts on average.
Operating profit- Diagnostics: $830 million compared to the $651.02 million average estimate based on three analysts.
Shares of Danaher have returned -4.7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Danaher (DHR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Danaher (DHR - Free Report) reported revenue of $5.8 billion, down 19.1% over the same period last year. EPS came in at $1.92, compared to $2.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.64 billion, representing a surprise of +2.85%. The company delivered an EPS surprise of +11.63%, with the consensus EPS estimate being $1.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Danaher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Growth - Organic sales (Core): -4% versus -6.9% estimated by four analysts on average.
- Total sales- Diagnostics: $2.53 billion versus the four-analyst average estimate of $2.43 billion. The reported number represents a year-over-year change of +6.4%.
- Total sales- Life Sciences: $1.75 billion versus $1.72 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.
- Total sales- Biotechnology: $1.52 billion versus the four-analyst average estimate of $1.49 billion.
- Operating profit- Life Sciences: $235 million versus $288.47 million estimated by three analysts on average.
- Operating profit- Biotechnology: $325 million versus $350.46 million estimated by three analysts on average.
- Operating profit- Other: -$78 million versus -$71.44 million estimated by three analysts on average.
- Operating profit- Diagnostics: $830 million compared to the $651.02 million average estimate based on three analysts.
View all Key Company Metrics for Danaher here>>>Shares of Danaher have returned -4.7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.