Thermo Fisher (TMO) Reports Q3: Everything You Need To Know Ahead Of Earnings

Life sciences company Thermo Fisher (NYSE:TMO) will be announcing earnings results this Wednesday morning. Here’s what investors should know.

Thermo Fisher beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $10.86 billion, up 3% year on year. It was a strong quarter for the company, with a narrow beat of analysts’ organic revenue estimates and a decent beat of analysts’ revenue estimates.

Is Thermo Fisher a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Thermo Fisher’s revenue to grow 3% year on year to $10.92 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $5.50 per share.Thermo Fisher Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Thermo Fisher has missed Wall Street’s revenue estimates twice over the last two years.

With Thermo Fisher being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for life sciences tools & services stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.7% on average over the last month. Thermo Fisher is up 14.7% during the same time and is heading into earnings with an average analyst price target of $562.23 (compared to the current share price of $545.02).

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