The upcoming report from Mettler-Toledo (MTD) is expected to reveal quarterly earnings of $11.69 per share, indicating an increase of 24.4% compared to the year-ago period. Analysts forecast revenues of $1.01 billion, representing an increase of 8% year over year.
The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Mettler-Toledo metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net sales- Products' to reach $776.33 million. The estimate indicates a change of +9.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Net sales- Service (Point in Time+Over Time)' should come in at $232.69 million. The estimate points to a change of +3% from the year-ago quarter.
It is projected by analysts that the 'Net sales- Retail' will reach $46.93 million. The estimate suggests a change of -8.7% year over year.
The combined assessment of analysts suggests that 'Net sales- Industrial' will likely reach $393.45 million. The estimate points to a change of +6.2% from the year-ago quarter.
Analysts predict that the 'Net sales- Laboratory' will reach $568.55 million. The estimate indicates a change of +10.8% from the prior-year quarter.
View all Key Company Metrics for Mettler-Toledo here>>>
Over the past month, Mettler-Toledo shares have recorded returns of +10.2% versus the Zacks S&P 500 composite's +2.7% change. Based on its Zacks Rank #4 (Sell), MTD will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.