For the current quarter, the 17.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.22 a share, which would compare with $1.08 in the same quarter last year. They have a high estimate of $1.27 and a low estimate of $1.20. Revenue for the period is expected to total nearly $5.76B from $5.13B the year-ago period.
For the full year, 21.00 Wall Street analysts forecast this company would deliver earnings of 4.93 per share, with a high estimate of $5.00 and a low estimate of $4.85. It had reported earnings per share of $4.30 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $22.93B versus 20.56B in the preceding year.
The analysts project the company to maintain annual growth of around 11.06% percent over the next five years as compared to an average growth rate of 10.57% percent expected for its competitors in the same industry.
Among the 20 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for DHR is $103.92 but some analysts are projecting the price to go as high as $115.00. If the optimistic analysts are correct, that represents a 15 percent upside potential from the recent closing price of $100.39. Some sell-side analysts, particularly the bearish ones, have called for $92.00 price targets on shares of Danaher Corporation (NYSE:DHR).
In the last reported results, the company reported earnings of $1.08 per share, while analysts were calling for share earnings of $1.04. It was an earnings surprise of 3.80%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Its Test & Measurement segment provides instruments products; services and products that help to convert concepts into finished products; professional tools; and wheel service equipment. The company’s Environmental segment provides instrumentation and disinfection systems; and solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment system, environmental compliance, vehicle tracking, and fleet management. Its Life Sciences & Diagnostics segment offers chemistry systems, immunoassay systems, hematology and flow cytometry products, microbiology systems, and systems and workflow automations solutions. This segment also provides professional microscopes; mass spectrometers; bioanalytical measurement systems; workflow instruments and consumables; and filtration products, which are used to remove solid, liquid, and gaseous contaminants. The companys Dental segment offers consumables, equipment, and services to diagnose, treat, and prevent disease and ailments of the teeth, gums, and supporting bone. The companys Industrial Technologies segment provides equipment, consumables, and software for various printing, marking, coding, packaging, design, and color management applications; and a range of electromechanical and electronic motion control products. This segment also offers devices that sense, monitor and control operational or manufacturing variables; instruments, controls, and monitoring systems used in electric utilities and industrial facilities; engineered energetic materials components; and supplemental braking systems for commercial vehicles. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.
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