We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Thermo Fisher Gets a Boost from Buyouts and Global Expansion
Read MoreHide Full Article
On Oct 9, we issued an updated research report on Thermo Fisher Scientific, Inc. (TMO - Free Report) . Banking on several takeovers including the recent Brammer Bio, the company is rapidly ramping up its inorganic growth profile. Its strong focus on the emerging markets is also encouraging. The stock has a Zacks Rank #2 (Buy).
Over the past year, Thermo Fisher has successfully outperformed its industry. The stock has rallied 18.2% compared with the industry’s 0.8% rise.
Thermo Fisher ended second-quarter 2019 on a promising note with adjusted earnings surpassing the consensus mark while revenues meeting the same. The company saw strength in all end markets categorized either by customer type or geography.
The company particularly registered a solid international performance with strong growth in Europe and Asia-Pacific including China. Also, a series of product launches with progress in precision medicine initiatives aided its performance.
During the quarter, the company launched a range of products within mass spectrometry including two new-generation Orbitrap systems, namely the Exploris 480 and Eclipse Tribrid. Within genetic analysis, the company unveiled the Applied Biosystems QuantStudio 6 and 7 Pro Real-Time PCR systems to automate qPCR workflows.
We are also looking forward to the company’s recently-completed acquisition of Brammer Bio, a leader in viral vector manufacturing. This move was in line with the company’s strategy to significantly expand capabilities in the fast-growing gene and cell therapy market.
Even after considering the impact of its divestiture of its Anatomical Pathology business (closed in the second quarter), Thermo Fisher has raised its 2019 revenue and earnings guidance. This is indicative of the ongoing bullish momentum to continue through the balance of 2019.
On the flip side, Thermo Fisher’s operating segments are being affected by an unfavorable business mix. Competitive headwinds and escalating costs also pose a threat to the stock.
Stryker’s long-term earnings growth rate is expected to be 10.04%.
Hill-Rom Holdings’ long-term earnings growth rate is projected at 10.01%.
Syneos Health’s long-term earnings growth rate is estimated to be 10.5%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Thermo Fisher Gets a Boost from Buyouts and Global Expansion
On Oct 9, we issued an updated research report on Thermo Fisher Scientific, Inc. (TMO - Free Report) . Banking on several takeovers including the recent Brammer Bio, the company is rapidly ramping up its inorganic growth profile. Its strong focus on the emerging markets is also encouraging. The stock has a Zacks Rank #2 (Buy).
Over the past year, Thermo Fisher has successfully outperformed its industry. The stock has rallied 18.2% compared with the industry’s 0.8% rise.
Thermo Fisher ended second-quarter 2019 on a promising note with adjusted earnings surpassing the consensus mark while revenues meeting the same. The company saw strength in all end markets categorized either by customer type or geography.
Thermo Fisher Scientific Inc. Price
Thermo Fisher Scientific Inc. price | Thermo Fisher Scientific Inc. Quote
The company particularly registered a solid international performance with strong growth in Europe and Asia-Pacific including China. Also, a series of product launches with progress in precision medicine initiatives aided its performance.
During the quarter, the company launched a range of products within mass spectrometry including two new-generation Orbitrap systems, namely the Exploris 480 and Eclipse Tribrid. Within genetic analysis, the company unveiled the Applied Biosystems QuantStudio 6 and 7 Pro Real-Time PCR systems to automate qPCR workflows.
We are also looking forward to the company’s recently-completed acquisition of Brammer Bio, a leader in viral vector manufacturing. This move was in line with the company’s strategy to significantly expand capabilities in the fast-growing gene and cell therapy market.
Even after considering the impact of its divestiture of its Anatomical Pathology business (closed in the second quarter), Thermo Fisher has raised its 2019 revenue and earnings guidance. This is indicative of the ongoing bullish momentum to continue through the balance of 2019.
On the flip side, Thermo Fisher’s operating segments are being affected by an unfavorable business mix. Competitive headwinds and escalating costs also pose a threat to the stock.
Other Key Picks
A few other top-ranked stocks in the broader medical space are Stryker (SYK - Free Report) , Hill-Rom Holdings and Syneos Health , all carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stryker’s long-term earnings growth rate is expected to be 10.04%.
Hill-Rom Holdings’ long-term earnings growth rate is projected at 10.01%.
Syneos Health’s long-term earnings growth rate is estimated to be 10.5%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>