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Thermo Fisher Scientific (TMO) Dips More Than Broader Markets: What You Should Know
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Thermo Fisher Scientific (TMO - Free Report) closed at $529.81 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 1.3%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.41%.
Prior to today's trading, shares of the maker of scientific instrument and laboratory supplies had lost 7.24% over the past month. This has lagged the Medical sector's loss of 2.43% and the S&P 500's loss of 5.33% in that time.
Thermo Fisher Scientific will be looking to display strength as it nears its next earnings release. On that day, Thermo Fisher Scientific is projected to report earnings of $6.20 per share, which would represent a year-over-year decline of 14.01%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.63 billion, up 7.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $22.52 per share and revenue of $42.15 billion. These totals would mark changes of -10.39% and +7.48%, respectively, from last year.
Any recent changes to analyst estimates for Thermo Fisher Scientific should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Thermo Fisher Scientific is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Thermo Fisher Scientific is currently trading at a Forward P/E ratio of 23.9. Its industry sports an average Forward P/E of 31.77, so we one might conclude that Thermo Fisher Scientific is trading at a discount comparatively.
Meanwhile, TMO's PEG ratio is currently 1.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TMO's industry had an average PEG ratio of 2.96 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Thermo Fisher Scientific (TMO) Dips More Than Broader Markets: What You Should Know
Thermo Fisher Scientific (TMO - Free Report) closed at $529.81 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 1.3%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.41%.
Prior to today's trading, shares of the maker of scientific instrument and laboratory supplies had lost 7.24% over the past month. This has lagged the Medical sector's loss of 2.43% and the S&P 500's loss of 5.33% in that time.
Thermo Fisher Scientific will be looking to display strength as it nears its next earnings release. On that day, Thermo Fisher Scientific is projected to report earnings of $6.20 per share, which would represent a year-over-year decline of 14.01%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.63 billion, up 7.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $22.52 per share and revenue of $42.15 billion. These totals would mark changes of -10.39% and +7.48%, respectively, from last year.
Any recent changes to analyst estimates for Thermo Fisher Scientific should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Thermo Fisher Scientific is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Thermo Fisher Scientific is currently trading at a Forward P/E ratio of 23.9. Its industry sports an average Forward P/E of 31.77, so we one might conclude that Thermo Fisher Scientific is trading at a discount comparatively.
Meanwhile, TMO's PEG ratio is currently 1.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TMO's industry had an average PEG ratio of 2.96 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.