Earnings To Watch: Thermo Fisher (TMO) Reports Q2 Results Tomorrow

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Life sciences company Thermo Fisher (NYSE: TMO) will be announcing earnings results this Thursday morning. Here’s what you need to know.

Thermo Fisher beat analysts’ revenue expectations last quarter, reporting revenues of $11.01 billion, up 6.2% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but organic revenue in line with analysts’ estimates.

Is Thermo Fisher 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 Thermo Fisher’s revenue to grow 7.9% year on year, improving from the 3% increase it recorded in the same quarter last year.

Thermo Fisher Total Revenue

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. Thermo Fisher rarely misses Wall Street’s revenue estimates.

With Thermo Fisher being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for life sciences tools & services stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.5% on average over the last month. Thermo Fisher is up 12.9% during the same time .

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