Danaher Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Danaher Corp (NYSE:DHR) will unveil its latest earnings on Thursday, October 20, 2011. Danaher designs and manufactures professional, medical, industrial, and consumer products.

Danaher Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 71 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $2.82 per share, a rise of 22.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 69 cents per share against a mean estimate of net income of 67 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.47 billion in revenue this quarter, a rise of 40.1% from the year ago quarter. Analysts are forecasting total revenue of $16.38 billion for the year, a rise of 24.1% from last year’s revenue of $13.2 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 74.2% to $648.8 million (94 cents a share) from $372.5 million (55 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 12.1% to $3.71 billion from $3.31 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 43% in the first quarter and 77.5% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 8.2% in the first quarter from the year earlier, climbed 15.2% in the fourth quarter of the last fiscal year from the year-ago quarter and 16% in the third quarter of the last fiscal year.

Competitors to Watch: 3M Company (NYSE:MMM), Beckman Coulter, Inc. (NYSE:BEC), Agilent Technologies Inc. (NYSE:A), Young Innovations, Inc. (NASDAQ:YDNT), DENTSPLY Intl. Inc. (NASDAQ:XRAY), General Electric Company (NYSE:GE), ESCO Technologies Inc. (NYSE:ESE), Align Technology, Inc. (NASDAQ:ALGN), AMETEK, Inc. (NYSE:AME), and Thermo Fisher Scientific Inc. (NYSE:TMO).

Stock Price Performance: During July 21, 2011 to October 14, 2011, the stock price had fallen $7.02 (-13.4%) from $52.40 to $45.38. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 10, 2010 when shares rose for nine-straight days, rising 6.1% (+$2.62) over that span. It saw one of its worst periods between July 20, 2011 and July 28, 2011 when shares fell for seven-straight days, falling 8% (-$4.26) over that span. Shares are down $1.73 (-3.7%) year to date.

(Source: Xignite Financials)

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