Can Diagnostic Revenues Fuel PerkinElmer's (PKI) Q1 Earnings?
Zacks Investment Research | Apr 22, 2019 08:29AM ET
PerkinElmer, Inc. (NYSE:PKI) is expected to release first-quarter 2019 results on Apr 25, after market close. The quarterly results are expected to reflect steady growth in the core Diagnostics business. Foreign exchange headwinds are also likely to show on results.
PerkinElmer has an average positive earnings surprise of 2.2% for the last four quarters.
Which Way Are Estimates Treading?
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share is pegged at 66 cents, suggesting a 4.8% improvement year over year. The same for revenues stands at $644.5 million, indicating growth of 0.1%.
Let’s see how things are shaping up before the earnings results.
PerkinElmer, Inc. Price and EPS Surprise
Earnings ESP Filter .
Zacks Rank: PerkinElmer carries a Zacks Rank #3.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revision.
Other Stocks Worth a Look
Here are a few other medical stocks worth considering as they also have the right combination of elements to post an earnings beat this quarter.
Cardinal Health (NYSE:CAH) has an Earnings ESP of +1.13% and a Zacks Rank #3.
Stryker Corporation (NYSE:SYK) has an Earnings ESP of +0.63% and a Zacks Rank #3.
Medidata Solutions (NASDAQ:MDSO) has an Earnings ESP of +12.31% and a Zacks Rank #3.
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