PerkinElmer, Inc. (NYSE:PKI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PKI to report 3Q20 income of $ 1.50 per share.
For the full year, analysts anticipate top line of $ 3263.25 million, while looking forward to income of $ 5.55 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.18 ~ $ 1.53 per share, while revenues are expected in a range of $ 954.35 million ~ $ 954.35 million
Full Year 2020 topline are forecasted in a range of$ 3,050.00 million ~ $ 3,090.00 million, where as bottomline are predicted in a range of $ 4.50 ~ $ 4.60 per share
Click Here For More Historical Outlooks Of PerkinElmer, Inc.
Previous Quarter Performance
PerkinElmer, Inc. communicated income for the second quarter of $ 1.57 per share, from the revenue of $ 811.72 million. The quarterly earnings boosted 57.00 percent compared with the same quarter last year. According to street consensus, PKI was expected to report 2Q20 income of $ 0.88 per share from revenue of $ 726.35 million. The bottom line results beat street analysts by $ 0.69 or 78.41 percent, at the same time, top line results outshined analysts by $ 85.37 million or 11.75 percent.
Stock Performance
Shares of PerkinElmer, Inc. traded up $ 3.01 or 2.43 percent on Tuesday, reaching $ 127.08 with volume of 987.30 thousand shares. PerkinElmer, Inc. has traded high as $ 128.24 and has cracked $ 123.50 on the downward trend
According to the previous trading day, closing price of $ 127.08, representing a 97.22 % increase from the 52 week low of $ 62.91 and a 7.68 % decrease over the 52 week high of $ 134.39.
The company has a market capital of $ 14.21 billion and is part of the Healthcare sector and Diagnostics & Research industry.
Recent Analyst recommendations
- On 11th September 2020, upgraded by Needham & Company LLC to Buy from Hold rating.
Conference Call
PerkinElmer, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.perkinelmer.com
PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics.
