Mettler-Toledo (MTD) Q3 Earnings and Revenues Top Estimates

Company Performance - Mettler-Toledo reported quarterly earnings of $10.21 per share, exceeding the Zacks Consensus Estimate of $10 per share, and up from $9.80 per share a year ago, representing an earnings surprise of 2.10% [1] - The company posted revenues of $954.54 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.34%, compared to $942.46 million in the same quarter last year [2] - Over the last four quarters, Mettler-Toledo has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Mettler-Toledo shares have increased approximately 15.3% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $11.81 on revenues of $1.01 billion, and for the current fiscal year, it is $40.34 on revenues of $3.83 billion [7] Industry Outlook - The Instruments - Scientific industry, to which Mettler-Toledo belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Mettler-Toledo's stock performance [5][6]