Skip to main content

Market Overview

PerkinElmer's Earnings: A Preview


PerkinElmer (NYSE:PKI) unveils its next round of earnings this Tuesday, February 02. Here is Benzinga's everything-that-matters guide for the earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts expect PerkinElmer's EPS to be near $3.0 on sales of $1.22 billion. PerkinElmer EPS in the same period a year ago totaled $1.35. Revenue was $805.50 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 122.22%. Sales would be up 51.46% from the year-ago period. Here is how the PerkinElmer's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 1.50 0.78 0.55 1.33
EPS Actual 2.09 1.57 0.67 1.35
Revenue Estimate 841.19 M 693.35 M 652.71 M 800.98 M
Revenue Actual 964.02 M 811.72 M 652.40 M 805.50 M

Stock Performance

Over the last 52-week period, shares are up 60.91%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. PerkinElmer is scheduled to hold the call at 17:00:00 ET and can be accessed here.


Related Articles (PKI)

View Comments and Join the Discussion!

Posted-In: BZI-EPEarnings