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Danaher (DHR) Gains But Lags Market: What You Should Know
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Danaher (DHR - Free Report) closed the most recent trading day at $286.53, moving +0.17% from the previous trading session. This change lagged the S&P 500's 1.43% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 0.32%.
Prior to today's trading, shares of the industrial and medical device maker had gained 9.02% over the past month. This has outpaced the Conglomerates sector's gain of 5.76% and the S&P 500's gain of 5.65% in that time.
Wall Street will be looking for positivity from Danaher as it approaches its next earnings report date. This is expected to be April 21, 2022. In that report, analysts expect Danaher to post earnings of $2.63 per share. This would mark year-over-year growth of 4.37%. Meanwhile, our latest consensus estimate is calling for revenue of $7.55 billion, up 10.03% from the prior-year quarter.
DHR's full-year Zacks Consensus Estimates are calling for earnings of $10.41 per share and revenue of $30.83 billion. These results would represent year-over-year changes of +3.58% and +4.68%, respectively.
Investors should also note any recent changes to analyst estimates for Danaher. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Danaher is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Danaher is holding a Forward P/E ratio of 27.49. This valuation marks a premium compared to its industry's average Forward P/E of 17.36.
Also, we should mention that DHR has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Diversified Operations stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DHR in the coming trading sessions, be sure to utilize Zacks.com.
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Danaher (DHR) Gains But Lags Market: What You Should Know
Danaher (DHR - Free Report) closed the most recent trading day at $286.53, moving +0.17% from the previous trading session. This change lagged the S&P 500's 1.43% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 0.32%.
Prior to today's trading, shares of the industrial and medical device maker had gained 9.02% over the past month. This has outpaced the Conglomerates sector's gain of 5.76% and the S&P 500's gain of 5.65% in that time.
Wall Street will be looking for positivity from Danaher as it approaches its next earnings report date. This is expected to be April 21, 2022. In that report, analysts expect Danaher to post earnings of $2.63 per share. This would mark year-over-year growth of 4.37%. Meanwhile, our latest consensus estimate is calling for revenue of $7.55 billion, up 10.03% from the prior-year quarter.
DHR's full-year Zacks Consensus Estimates are calling for earnings of $10.41 per share and revenue of $30.83 billion. These results would represent year-over-year changes of +3.58% and +4.68%, respectively.
Investors should also note any recent changes to analyst estimates for Danaher. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Danaher is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Danaher is holding a Forward P/E ratio of 27.49. This valuation marks a premium compared to its industry's average Forward P/E of 17.36.
Also, we should mention that DHR has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Diversified Operations stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DHR in the coming trading sessions, be sure to utilize Zacks.com.