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Danaher (DHR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2024, Danaher (DHR - Free Report) reported revenue of $5.8 billion, down 15.6% over the same period last year. EPS came in at $1.71, compared to $2.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.59 billion, representing a surprise of +3.65%. The company delivered an EPS surprise of +9.62%, with the consensus EPS estimate being $1.56.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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): 0.5% compared to the -1.8% average estimate based on four analysts.
Total sales- Diagnostics: $2.36 billion compared to the $2.19 billion average estimate based on three analysts. The reported number represents a change of +4.8% year over year.
Total sales- Life Sciences: $1.78 billion versus the three-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of +4.5%.
Total sales- Biotechnology: $1.65 billion compared to the $1.61 billion average estimate based on three analysts. The reported number represents a change of -0.7% year over year.
Operating profit- Life Sciences: $35 million versus the two-analyst average estimate of $252.85 million.
Operating profit- Biotechnology: $390 million versus the two-analyst average estimate of $392.48 million.
Operating profit- Other: -$82 million versus the two-analyst average estimate of -$82.51 million.
Operating profit- Diagnostics: $615 million versus $524.51 million estimated by two analysts on average.
Shares of Danaher have returned -0.4% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Danaher (DHR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Danaher (DHR - Free Report) reported revenue of $5.8 billion, down 15.6% over the same period last year. EPS came in at $1.71, compared to $2.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.59 billion, representing a surprise of +3.65%. The company delivered an EPS surprise of +9.62%, with the consensus EPS estimate being $1.56.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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): 0.5% compared to the -1.8% average estimate based on four analysts.
- Total sales- Diagnostics: $2.36 billion compared to the $2.19 billion average estimate based on three analysts. The reported number represents a change of +4.8% year over year.
- Total sales- Life Sciences: $1.78 billion versus the three-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of +4.5%.
- Total sales- Biotechnology: $1.65 billion compared to the $1.61 billion average estimate based on three analysts. The reported number represents a change of -0.7% year over year.
- Operating profit- Life Sciences: $35 million versus the two-analyst average estimate of $252.85 million.
- Operating profit- Biotechnology: $390 million versus the two-analyst average estimate of $392.48 million.
- Operating profit- Other: -$82 million versus the two-analyst average estimate of -$82.51 million.
- Operating profit- Diagnostics: $615 million versus $524.51 million estimated by two analysts on average.
View all Key Company Metrics for Danaher here>>>Shares of Danaher have returned -0.4% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.