Thermo Fisher Scientific Inc (NYSE:TMO) is set to announce second quarter earning results on Wednesday 22nd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TMO to report 2Q20 income of $ 2.84 per share.
For the full year, analysts anticipate top line of $ 26358.10 million, while looking forward to income of $ 13.01 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 26,610.00 million ~ $ 27,010.00 million, where as bottomline are predicted in a range of $ 13.49 ~ $ 13.67 per share
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Previous Quarter Performance
Thermo Fisher Scientific Inc disclosed income for the first quarter of $ 2.94 per share, from the revenue of $ 6,230.00 million. The quarterly earnings up 4.63 percent while revenues improved 1.71 percent compared with the same quarter last year.
According to street consensus, TMO was expected to report 1Q20 income of $ 2.79 per share from revenue of $ 6173.81 million. The bottom line results beat street analysts by $ 0.15 or 5.38 percent, at the same time, top line results outshined analysts by $ 56.19 million or 0.91 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TMO was $ 403.09, representing a 61.10 % increase from the 52 week low of $ 250.21 and a 1.61 % decrease over the 52 week high of $ 409.69.
The company has a market capital of $ 159.20 billion and is part of the Healthcare sector and Diagnostics & Research industry.
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Recent Analyst recommendations
On 15th July 2020, upgraded by Cleveland Research to Buy from Neutral rating.
On 7th July 2020, maintained by Needham & Company LLC at Buy rating, with $ 415.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.22 per share on May 20, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Thermo Fisher Scientific Inc will be hosting a conference call at 8:30 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thermofisher.com
Thermo Fisher Scientific Inc. provides analytical and other instruments, laboratory equipment, software, consumables, reagents, instrument systems, chemicals, supplies, and services worldwide. Its Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery and production of new drugs and vaccines, and diagnosis of diseases to pharmaceutical, biotechnology, agricultural, clinical, academic, and government markets.
