PerkinElmer (NYSE:PKI) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
PerkinElmer their estimated earnings by 35.09%, reporting an EPS of $2.31 versus an estimate of $1.71, which surprised analysts.
Revenue was up $202,975,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.42, which was followed by a 1.13% drop in the share price the next day.
Here’s a look at PerkinElmer’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.41 | 3.07 | 3 | 1.50 |
| EPS Actual | 2.83 | 3.72 | 3.96 | 2.09 |
| Revenue Estimate | 1.12B | 1.21B | 1.22B | 841.19M |
| Revenue Actual | 1.23B | 1.31B | 1.35B | 964.02M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PerkinElmer management provided guidance for their next quarter, expecting earnings between $1.62 and $1.62 per share for the nextquarter.
This represents a -29.87% in quarter-over-quarter growth for PerkinElmer, a bearish signal to many investors.
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