S&P 500 (NYSE:SPY) component Thermo Fisher (NYSE:TMO) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Thermo Fisher Scientific develops, manufactures and sells products to assist the pharmaceutical, biotechnology, academic, government and other research and industrial markets.
Thermo Fisher Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.28 per share, a rise of 8.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.27. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $4.85 per share, a rise of 16.6% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of $1.19 a share versus the estimate of profit of $1.16 a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the third quarter, profit rose 9.4% to $290.4 million (79 cents a share) from $265.4 million (69 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.8% to $3.09 billion from $2.97 billion.
Here’s how Thermo Fisher traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: