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Here's What Key Metrics Tell Us About Danaher (DHR) Q3 Earnings
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For the quarter ended September 2023, Danaher (DHR - Free Report) reported revenue of $6.87 billion, down 10.3% over the same period last year. EPS came in at $2.02, compared to $2.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.61 billion, representing a surprise of +3.95%. The company delivered an EPS surprise of +10.38%, with the consensus EPS estimate being $1.83.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Danaher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Growth - Organic sales (Core): -3% versus the five-analyst average estimate of -14.4%.
Total sales- Diagnostics: $2.25 billion compared to the $2.10 billion average estimate based on five analysts. The reported number represents a change of -15.9% year over year.
Total sales- Life Sciences: $1.71 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -54.8% change.
Total sales- Environmental & Applied Solutions: $1.25 billion compared to the $1.21 billion average estimate based on five analysts. The reported number represents a change of +3.4% year over year.
Total sales- Biotechnology: $1.66 billion versus the five-analyst average estimate of $1.59 billion.
Operating profit- Life Sciences: $313 million compared to the $346.79 million average estimate based on three analysts.
Operating profit- Diagnostics: $539 million versus $390.71 million estimated by three analysts on average.
Operating profit- Biotechnology: $417 million versus the three-analyst average estimate of $447.12 million.
Operating profit- Other: -$117 million versus -$79.90 million estimated by three analysts on average.
Operating profit- Environmental & Applied Solutions: $286 million compared to the $239.63 million average estimate based on three analysts.
Shares of Danaher have returned -19% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Danaher (DHR) Q3 Earnings
For the quarter ended September 2023, Danaher (DHR - Free Report) reported revenue of $6.87 billion, down 10.3% over the same period last year. EPS came in at $2.02, compared to $2.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.61 billion, representing a surprise of +3.95%. The company delivered an EPS surprise of +10.38%, with the consensus EPS estimate being $1.83.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Danaher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Growth - Organic sales (Core): -3% versus the five-analyst average estimate of -14.4%.
- Total sales- Diagnostics: $2.25 billion compared to the $2.10 billion average estimate based on five analysts. The reported number represents a change of -15.9% year over year.
- Total sales- Life Sciences: $1.71 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -54.8% change.
- Total sales- Environmental & Applied Solutions: $1.25 billion compared to the $1.21 billion average estimate based on five analysts. The reported number represents a change of +3.4% year over year.
- Total sales- Biotechnology: $1.66 billion versus the five-analyst average estimate of $1.59 billion.
- Operating profit- Life Sciences: $313 million compared to the $346.79 million average estimate based on three analysts.
- Operating profit- Diagnostics: $539 million versus $390.71 million estimated by three analysts on average.
- Operating profit- Biotechnology: $417 million versus the three-analyst average estimate of $447.12 million.
- Operating profit- Other: -$117 million versus -$79.90 million estimated by three analysts on average.
- Operating profit- Environmental & Applied Solutions: $286 million compared to the $239.63 million average estimate based on three analysts.
View all Key Company Metrics for Danaher here>>>Shares of Danaher have returned -19% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.