Diversified science and technology company Danaher (NYSE: DHR) will be reporting results this Tuesday before market open. Here’s what to expect.
Danaher met analysts’ revenue expectations last quarter, reporting revenues of $6.84 billion, up 4.6% year on year. It was a mixed quarter for the company, with organic revenue in line with analysts’ estimates.
Is Danaher a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Danaher’s revenue to grow 4.5% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Danaher has a history of exceeding Wall Street’s expectations.
With Danaher being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for life sciences tools & services stocks. However, there has been positive investor sentiment in the segment, with share prices up 9.1% on average over the last month. Danaher is up 2.8% during the same time .
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