Life sciences company Avantor (NYSE:AVTR) will be reporting earnings tomorrow before market hours. Here’s what you need to know.
Avantor missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.71 billion, flat year on year. It was a softer quarter for the company, with a miss of analysts’ organic revenue estimates and EPS in line with analysts’ estimates.
Is Avantor a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Avantor’s revenue to be flat year on year at $1.71 billion, improving from the 4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Avantor has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Avantor’s peers in the research tools & consumables segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bio-Techne delivered year-on-year revenue growth of 9%, beating analysts’ expectations by 4.2%, and Danaher reported revenues up 2.1%, topping estimates by 1.6%. Danaher traded down 10% following the results.
Read our full analysis of Bio-Techne’s results here and Danaher’s results here.
There has been positive sentiment among investors in the research tools & consumables segment, with share prices up 2.3% on average over the last month. Avantor is down 2.6% during the same time and is heading into earnings with an average analyst price target of $26.37 (compared to the current share price of $21.55).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
