Danaher(US:DHR) Zacks Investment Researchยท2024-04-05 23:06Company Performance - Danaher (DHR) ended the recent trading session at $244.28, showing a +0.98% change from the previous day's closing price, which lagged behind the S&P 500's daily gain of 1.11% [1] - Over the last month, Danaher's shares have decreased by 4.81%, underperforming the Conglomerates sector's loss of 4.23% and the S&P 500's gain of 0.48% [1] - The upcoming earnings release on April 23, 2024, is anticipated to show an EPS of $1.72, reflecting a 27.12% decline compared to the same quarter last year, with expected revenue of $5.64 billion, indicating a 21.31% drop year-over-year [1] Earnings Estimates - The full-year Zacks Consensus Estimates for Danaher project earnings of $7.62 per share and revenue of $24.09 billion, representing year-over-year changes of +0.53% and -12.73%, respectively [2] - Recent changes to analyst estimates for Danaher are important as they indicate shifts in near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation Metrics - Danaher currently holds a Forward P/E ratio of 31.73, which is a premium compared to the industry average Forward P/E of 18.22 [3] - The PEG ratio for Danaher is 3.68, significantly higher than the industry average PEG ratio of 1.81, indicating a higher valuation relative to expected earnings growth [3] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 20, placing it in the top 8% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]