Categories Earnings, Other Industries

Earnings Preview: Agilent likely to exceed consensus in Q3

Agilent Technologies (A) is scheduled to report third-quarter earnings on Tuesday after the market close. The CrossLab Group will remain the focus for this quarter too. On an average, analysts see earnings of $0.63 per share, while the top-line is estimated to grow 7.4% to $1.2 billion.

In the second-quarter, Agilent had posted a 25% jump in earnings as the Pharma and Chemical & Energy markets drove the top-line higher. Revenue increased 9% on strong performance across the company’s business segments.

Meanwhile, revenue from CrossLab Group grew 13% helped by strong growth across services and consumables. Revenue for the Diagnostics and Genomics Group (DGG) increased 9% helped by the strength in genomics, and revenue from Life Sciences & Applied Markets Group (LSAG) rose 7% on the strong performance of the spectrometry and cell analysis businesses.

Agilent is expected to have a high growth potential in the near future as the broad-based portfolio and expanded segments remain a valuable asset for the company. Agilent’s decision to divest or close down its underperforming segments is adding to its growth prospects.

The company also has the ability to find attractive growth options and new product launches. From the sell-side analysts’ view, more than 75% have suggested a “strong buy” or “buy” rating on the stock with an average price target of $77.36.

Shares of the scientific instrument maker have fallen more than 1% year-to-date, while it has risen by more than 10% for the past year.

Most Popular

Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand

The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation

Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note

Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second

Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report

Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top