Precision measurement company Mettler-Toledo (NYSE: MTD) will be reporting earnings this Thursday after the bell. Here’s what to look for.
Mettler-Toledo beat analysts’ revenue expectations last quarter, reporting revenues of $1.13 billion, up 8.1% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ EPS guidance for next quarter estimates.
Is Mettler-Toledo 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 Mettler-Toledo’s revenue to grow 6.6% year on year, a reversal from the 4.6% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mettler-Toledo has a history of exceeding Wall Street’s expectations.
Looking at Mettler-Toledo’s peers in the research tools & consumables segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Avantor posted flat year-on-year revenue, beating analysts’ expectations by 2.7%, and Revvity reported revenues up 7%, topping estimates by 0.9%. Avantor traded up 3.1% following the results.
Read our full analysis of Avantor’s results here and Revvity’s results here.
There has been positive sentiment among investors in the research tools & consumables segment, with share prices up 6.5% on average over the last month. Mettler-Toledo is up 2.1% during the same time and is heading into earnings with an average analyst price target of $1,488 (compared to the current share price of $1,293).
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