Scientific instrument company Bruker (NASDAQ:BRKR) will be reporting results this Wednesday morning. Here’s what to expect.
Bruker missed analysts’ revenue expectations last quarter, reporting revenues of $838.5 million, up 5.2% year on year. It was a slower quarter for the company, with a slight miss of analysts’ organic revenue estimates and full-year revenue guidance slightly missing analysts’ expectations.
Is Bruker a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bruker’s revenue to be flat year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bruker has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Bruker’s peers in the research tools & consumables segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Avantor delivered year-on-year revenue growth of 4.6%, beating analysts’ expectations by 3.4%, and Thermo Fisher reported revenues up 9.1%, topping estimates by 1.4%. Avantor traded down 2.6% following the results while Thermo Fisher was also down 1.6%.
Read our full analysis of Avantor’s results here and Thermo Fisher’s results here.
There has been positive sentiment among investors in the research tools & consumables segment, with share prices up 2.4% on average over the last month. Bruker is down 12.8% during the same time and is heading into earnings with an average analyst price target of $63.83 (compared to the current share price of $55.67).
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