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Compared to Estimates, Thermo Fisher (TMO) Q3 Earnings: A Look at Key Metrics

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Thermo Fisher Scientific (TMO - Free Report) reported $12.14 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 9.1%. EPS of $6.68 for the same period compares to $5.79 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $11.92 billion, representing a surprise of +1.81%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $6.40.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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 Thermo Fisher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue Growth - Organic: 6% compared to the 4.3% average estimate based on four analysts.
  • Revenues- Laboratory Products and Biopharma Services: $6.86 billion versus $6.56 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15% change.
  • Revenues- Specialty Diagnostics: $1.1 billion versus the four-analyst average estimate of $1.14 billion. The reported number represents a year-over-year change of -6.5%.
  • Revenues- Life Sciences Solutions: $2.72 billion compared to the $2.85 billion average estimate based on four analysts. The reported number represents a change of +5.1% year over year.
  • Revenues- Eliminations: $-546 million versus the four-analyst average estimate of $-539.74 million. The reported number represents a year-over-year change of +8.6%.
  • Revenues- Analytical Instruments: $2 billion compared to the $1.95 billion average estimate based on four analysts. The reported number represents a change of +5.8% year over year.

View all Key Company Metrics for Thermo Fisher here>>>

Shares of Thermo Fisher have returned +4.4% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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