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PerkinElmer Third Quarter 2022 Earnings: EPS Misses Expectations

PerkinElmer (NYSE:PKI) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$711.8m (down 17% from 3Q 2021).

  • Net income: US$69.5m (down 35% from 3Q 2021).

  • Profit margin: 9.8% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue.

  • EPS: US$0.55 (down from US$0.94 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

PerkinElmer EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Be aware that PerkinElmer is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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