Inside Danaher’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Danaher Corp (NYSE:DHR) will unveil its latest earnings on Thursday, July 21, 2011. Danaher Corporation 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 67 cents per share, a rise of 19.6% 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 65 cents. For the year, analysts are projecting net income of $2.81 per share, a rise of 21.6% 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 4 cents, reporting profit of 61 cents per share against a mean estimate of net income of 57 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $3.53 billion in revenue this quarter, a rise of 6.6% from the year ago quarter. Analysts are forecasting total revenue of $16.24 billion for the year, a rise of 23% 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 three rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 43% while it rose 77.5% in the fourth quarter of the last fiscal year and 84% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 8.2% to $3.35 billion in first quarter. The figure rose 15.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 16% in the third quarter of the last fiscal year from the year-ago quarter and 23.8% in the second 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 May 18, 2011 to July 15, 2011, the stock price had fallen $2.25 (-4.1%) from $54.87 to $52.62. 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 April 1, 2011 and April 8, 2011 when shares fell for six-straight days, falling 1.9% (-$1.02) over that span. Shares are up $5.49 (+11.6%) year to date.

(Source: Xignite Financials)

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