Life sciences tools company Agilent Technologies (NYSE: A) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
Agilent beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.68 billion, up 1.4% year on year. It was a slower quarter for the company, with full-year EPS guidance in line with analysts’ estimates.
Is Agilent a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Agilent’s revenue to grow 3.2% year on year to $1.62 billion, a reversal from the 8.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share.
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. Agilent has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
Looking at Agilent’s peers in the research tools & consumables segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Danaher posted flat year-on-year revenue, beating analysts’ expectations by 2.7%, and Sotera Health Company reported revenues up 2.6%, topping estimates by 3.1%. Danaher traded up 6.2% following the results while Sotera Health Company was also up 7.6%.
Read our full analysis of Danaher’s results here and Sotera Health Company’s results here.
Investors in the research tools & consumables segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Agilent is up 1.6% during the same time and is heading into earnings with an average analyst price target of $139.48 (compared to the current share price of $108.53).
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