Can Diagnostic Revenues Drive PerkinElmer (PKI) Q1 Earnings?
Zacks Investment Research | Apr 18, 2018 09:39PM ET
PerkinElmer, Inc.’s (NYSE:PKI) first-quarter 2018 results, expected to release on Apr 30 after market close, are likely to show steady growth in the core Diagnostics business. While this might prove to be a major driver, declining revenues in all other segments might mar overall results.
In the fourth quarter of fiscal 2017, the company reported adjusted earnings of 97 cents per share, beating the Zacks Consensus Estimate of 94 cents. Meanwhile, revenues were approximately $641.6 million, which beat the Zacks Consensus Estimate of $617 million. Revenues also surpassed the year-ago quarter’s $567 million.
Notably, for the first quarter, the Zacks Consensus Estimate for earnings is pegged at 61 cents, reflecting year-over-year growth of 10.9%. The same for revenues is pinned at $615.86 million, indicating 19.8% growth.
PerkinElmer delivered an average positive earnings surprise of 1.6% for the trailing four quarters.
PerkinElmer, Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.