Danaher(US:DHR) ZACKS·2024-07-23 12:10Company Performance - Danaher reported quarterly earnings of $1.72 per share, exceeding the Zacks Consensus Estimate of $1.57 per share, but down from $2.05 per share a year ago, indicating an earnings surprise of 9.55% [1] - The company posted revenues of $5.74 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.78%, compared to $7.16 billion in the same quarter last year [1] - Over the last four quarters, Danaher has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Danaher shares have increased approximately 8.5% since the beginning of the year, while the S&P 500 has gained 16.7% [2] - The current estimate revisions trend for Danaher is unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [4] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.70 on revenues of $5.79 billion, and for the current fiscal year, it is $7.62 on revenues of $23.88 billion [4] - The sustainability of Danaher's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [2][3] Industry Context - The Diversified Operations industry, to which Danaher belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable industry outlook [5] - IAC, another company in the same industry, is expected to report a quarterly loss of $0.39 per share, reflecting a year-over-year change of +48.7%, with revenues projected at $948.89 million, down 14.6% from the previous year [5]