What's In The Offing For Thermo Fisher (TMO) In Q1 Earnings?
Zacks Investment Research | Apr 15, 2018 10:40PM ET
Thermo Fisher Scientific Inc. (NYSE:TMO) is slated to report first-quarter 2018 results before the market opens on Apr 25. Last quarter, the company delivered a positive earnings surprise of 4.89%. Moreover, Thermo Fisher has surpassed estimates in all the trailing four quarters with an average beat of 3.08%.
Let's see, how things are shaping up for this announcement.
Key Catalysts
Thermo Fisher has been going strong across its analytical instrument businesses with increasing global demand. Particularly, the company’s acquisition of FEI has been largely contributing to its analytical instruments portfolio over the past year. The buyout has enabled Thermo Fisher to access FEI’s industry leading high-performance electron microscopy platform used for protein study as well as facilitating life-science research. This is also a vital highlight of the quarter to be reported.
Thermo Fisher anticipates realizing total synergies of approximately $80 million by the end of three years following the deal’s closure with about $55 million of cost synergies and roughly, $25 million of adjusted operating income benefits from revenue-related synergies.
Thermo Fisher Scientific Inc. Price and EPS Surprise
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